…not much of change and unlikely to change ECB's tune: "Well anchored to the low side"… but overall more of the same in terms of falling inflation which we have also seen in recent CPI data and with poor PMI in core Europe.
Conclusion:
Not likely to be enough to raise ECB's alertness on inflation, but could add to cut if world and European economy fails to take off – as promised.
http://libertystreeteconomics.newyorkfed.org/2014/02/just-released-the-inflation-outlook-in-the-euro-zone-survey-says.html
Steen
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