ECB Monthly Report

  • Sees Eurozone 2012 HICP inflation of 2.3 % (unchanged from Q2)
  • 2013 HICP at 1.7% (from 1.8% in Q2), and 1.9% in 2014
  • Eurozone long term inflation expectations at 2% (unchanged from Q2)
  • 2012 growth seen -0.3% (from -0.2% in Q2), 2013 at +0.6% (from 1.0%) and 1.4% in 2014

Q3 survey of professional forecasters see uncertainty surrounding longer-term inflation expectations somewhat declining but remaining high.

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