Swiss Economicblogs.org
We also expect the ECB staff to revise higher its GDP growth forecast for the euro area in 2018 and 2019.This week was all about stellar euro area PMIs and hawkish nuances in the accounts of the October ECB meeting. However, the arrival at another deadline went unnoticed – the cut-off date for ECB staff projections, which implies that financial inputs will be derived from market expectations as at 23 November. Using elasticities derived from OECD and ECB models, the chart below shows the...
Read More »Oil prices to push ECB staff projections for inflation slightly higher
