Trial now
MNI EXCLUSIVE

Capex Trend A Concern For BOJ Rebound Outlook

FED FUNDS FUTURES

FFM2 Given

US EURODLR FUTURES

Lifts In EDZ3 & EDZ4

THB

Bracing For BoT Monetary Policy Decision

CHINA RATES

China Repo Rates Diverge on Wednesday

MNI BRIEF: Inflation, Growth Expectations Up - ECB Survey

MNI (Frankfurt)

Professional forecasters are becoming more bullish on the eurozone, the ECB says.

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Euro area short- and medium-term inflation expectations have maintained their upward trajectory, according to the latest European Central Bank Survey of Professional Forecasters, as temporary upward price pressures are overtaken by a steady increase in economic activity, with growth set to surpass pre-pandemic levels later this year.

HICP inflation expectations stood at 1.9% for 2021, up 0.3 percentage point from the second quarter survey, and rose 0.2 point to 1.5% for next year. Expected GDP growth was 0.5 point higher for both this year and next at 4.7% and 4.6%, with longer-term growth sticking at 1.4%. Growth is now predicted to beat Q4 2019 levels in Q4 2021 - a quarter earlier than suggested in last quarter's survey.

In June, Eurosystem staff said they expect inflation to spike at 1.9% in 2021, before returning to rates of 1.5% and 1.4% in 2022 and 2023. Real GDP growth was expected to reach 4.6% in 2021, 4.7% in 2022, and 2.1% in 2023. Fresh ECB growth and inflation expectations are due in September.