15 Jun 2015
Economic outlook for the Eurozone – Nomura
FXStreet (Barcelona) - Economists at Nomura share their outlook for the Eurozone economy, highlighting their key views for inflation and policy measures.
Key Quotes
“Weak potential growth, high non-performing loans, and rising debt trajectories remain key euro area challenges.”
“We expect average HICP inflation to be significantly below ECB and consensus expectations in 2016.”
“The ECB will buy €60bn of public and private sector assets per month from March 2015 until at least September 2016.”
“Purchases will be conducted until a sustained adjustment in the inflation path consistent with the ECB’s mandate is seen.”
“We believe it more likely than not that the ECB will be forced to continue its asset purchases beyond September 2016.”
“Collapsing oil prices should drag UK inflation lower still, inappropriately pushing the first hike to February 2016.”
“UK stimulus is utilising spare capacity rapidly. We think failure of policy to respond is sowing the seeds of the next crisis.”
Key Quotes
“Weak potential growth, high non-performing loans, and rising debt trajectories remain key euro area challenges.”
“We expect average HICP inflation to be significantly below ECB and consensus expectations in 2016.”
“The ECB will buy €60bn of public and private sector assets per month from March 2015 until at least September 2016.”
“Purchases will be conducted until a sustained adjustment in the inflation path consistent with the ECB’s mandate is seen.”
“We believe it more likely than not that the ECB will be forced to continue its asset purchases beyond September 2016.”
“Collapsing oil prices should drag UK inflation lower still, inappropriately pushing the first hike to February 2016.”
“UK stimulus is utilising spare capacity rapidly. We think failure of policy to respond is sowing the seeds of the next crisis.”