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German Bundesbank revises 2016 inflation forecast lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Germany’s Bundesbank, in its monthly report, revised the 2016 inflation forecast lower to 1.75% from the previous forecast of 2%.

    Key points

    “Global collapse in crude oil prices could push headline HICP rates into negative territory in the months ahead”

    “If the plunge of around 30% in crude prices since the cut-off date for the latest forecasts issued in December was "mechanically" factored into the forecast models, German HICP would be about 0.75 percentage points below the previous forecast this year and about 0.25 percentage points next year”

    “Could see some pickup in German GDP in Q1, key driver of economic growth still domestic demand”
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