There Is A Bit Of A Hockeystick In The ECB's Inflation Expectations

Back in March 2014, the ECB predicted that inflation at the end of 2015 would be 1.3%. Moments ago, with less than a month left in the year, the ECB has trimmed its forecast to just 0.1%. Oops.

But what about next year?

Well, in March 2014, the ECB predicted 2016 year end inflation would be 1.5%. It now predicts it will rise to 1.0%, decidedly lower than the 1.5% predicted in June, and yet in our humble opinion, still about 1% higher than where it will end up.

As for the ECB's 2017 year end inflation forecast of 1.6%... one thing we can say with near certainty is that by then European inflation will either be -1.6% or lower, or +16% or higher.

Good luck Mario.

Comments

[buzzsaw99]

bank and insurance fraud on a collosal scale can fix this

[Truther]

More like fucking the sheeple on a global scale can fix this.

Now put that hockey stick right up Draghi's ass will ya? Want to feel his pain.

[medium giraffe]

Keep rubbing yer lantern, Mario.

[NoDebt]

"This is what we pray will happen because if it's doesn't we're in deep shit."

[Youri Carma]

So not only the treacherous IPCC uses the BS hockystick.