The latest quarterly Survey of Professional Forecasters from the ECB sees CPI estimates dragged down
– 2016 HICP 0.7% vs 1.0% prior
– 2017 1.4% vs 1.5% prior
Considering it’s published by the ECB there will be some weight to the report that will be seen by the governing council. Remember that for the ECB to act, it’s not just what inflation does between now and March but what the expectations for inflation are over that time are also