ECB survey: 2018 inflation seen at 1.7% vs 1.5% previous, GDP forecast cut to 2.2% from 2.4%

Here are some of the key results from the ECB Q3 18 Survey of Professional Forecasters, released this Friday.

• 2018 Euro-zone inflation seen at 1.7% vs 1.5% seen 3 months ago.
• 2019 inflation seen at 1.7 % vs 1.6% earlier and 2020 projection unchanged at 1.7%.
• 2018 GDP forecast cut to 2.2% from 2.4% previous, 2019 cut to 1.9% from 2%.
• Underlying inflation projections unchanged throughout survey horizon
• Longer-term inflation projection unchanged at 1.9%.

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