The latest inflation forecasts
- 2019 1.2at vs 1.3% in June
- 2020 at 1.0% vs 1.4% in June
- 2021 at 1.5% vs 1.6% in June
At the start of the year, the ECB was forecasting 1.6% inflation this year and 1.7% in 2020.
That 2020 foreacast is worrisome. Given the ECB’s poor track record on forecasting inflation, that’s perilously close to zero.