The first ever survey of monetary analysts from the ECB
The ECB today released its first ever Survey of Monetary Analysts, which is a poll of about two dozen banks that includes a wide variety of questions. One of them was projecting growth and it offers a clear view of a strong bump in Q3 followed by a slow drift back to sub-2% annual increased.
On the inflation side, long run prices run at 1.6% but there's a near-term peak of 1.5% in Q4. Those numbers highlight why the ECB is expected to stay at zero for a long time.
