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ECB bulletin downplays importance of core inflation measure

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The European Central Bank (ECB) monthly bulletin releases today showed the bank feels Harmonized Index of Consumer Prices (HICP) ex-energy or core HICP is not an ‘ideal’ measure of underlying inflation.

    Key points

    Can extend medium-term inflation horizon

    Medium-term horizon cannot be extended indefinitely

    Economic recovery is projected to strengthen but global developments are weighing on the short-term outlook

    Export orders and sentiment indicators point to subdued global trade developments in the near term

    Consolidation efforts are needed to set public debt ratios firmly on a downward path
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