Q3 2017 ECB Survey of Professional Forecasters

Results of the Q3 2017 ECB Survey of Professional Forecasters are as follows:

HICP inflation expectations have been revised downwards for 2017, 2018 and 2019. Longer-term HICP inflation expectations remain unchanged at 1.8%.

Expectations for HICP excluding food and energy have been revised upwards for 2017, but remained unchanged for forecast horizons further out.

Real GDP growth expectations have been revised upwards for 2017, 2018 and 2019.

Unemployment rate expectations have been revised downwards.