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ECB’s Monthly Report and an update on inflation expectations – Danske Bank

FXStreet (Edinburgh) - The fresh updates on the inflation expectations will be the main point from today’s Monthly Report by the ECB, suggested Flemming Nielsen,Senior Analyst at Danske Bank.

Key Quotes

“The ECB publishes its monthly report, which includes the Survey of Professional Forecasters where focus will mainly be on the longer-term inflation expectations”.

“Since the latest survey was conducted inflation has been around 0.5% and the persistent low inflation could lead to a decline in inflation expectations”.

“However, given that Draghi sounded balanced last week, when he knew the result, we do not expect a decline below 1.8% for the longer-term inflation expectations”.

Turkey Current Account Balance: $-4.09B (June) vs previous $-3.43B

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