30 Apr 2015
ECB confident on reaching inflation target – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman team share that ECB’s economic bulleting published today shows that the central bank remains confident on achieving the 2% inflation target over the medium-term.
Key Quotes
“The ECB Economic Bulletin published on Thursday claims that “after having reached low levels in mid-January, Longer-term inflation expectations in the euro area have recovered.” The statement also said that there is a greater degree of confidence that inflation will return to the 2% target over the medium term and that the area is seeing “vigorous growth” in consumption of durable goods. We don’t make much out of this or see much new actionable information.”
“Note that eurozone preliminary CPI today matched the consensus for a flat y/y reading, up from -0.1% in March.”
Key Quotes
“The ECB Economic Bulletin published on Thursday claims that “after having reached low levels in mid-January, Longer-term inflation expectations in the euro area have recovered.” The statement also said that there is a greater degree of confidence that inflation will return to the 2% target over the medium term and that the area is seeing “vigorous growth” in consumption of durable goods. We don’t make much out of this or see much new actionable information.”
“Note that eurozone preliminary CPI today matched the consensus for a flat y/y reading, up from -0.1% in March.”