Analysts at Danske Bank, remain somewhat sceptical on the resilience of the ECB inflation outlook, as especially domestically generated price pressures remain muted. Key Quotes: “We remain somewhat sceptical on the resilience of the inflation outlook. Although headline inflation will remain close to 2% over the coming months, this is mainly due to energy prices. In light of our and markets expectation that oil prices will not rise further, the positive contribution from energy prices will abate from late 2018 onwards. At the same time, different measures of the underlying inflation pressures in the euro area still paint a somewhat mixed picture, with especially domestically generated price pressures still muted. A recent ECB publication, which looks at different measures of underlying inflation for the euro area, arrives at a similar conclusion. Hence, we expect the ECB to stick to its mantra and remain patient, prudent and persistent.” “While ECB is more confident on the inflation dynamics, we also take note of the more downbeat assessment on the growth outlook, in particular in light of the recent protectionism/trade war risks. In a recent interview, Chief Economist Peter Praet indicated that the end of the APP by the end of the year is not a firm decision but subject to incoming data. The ECB’s ‘anticipation’ of ending QE could be derailed if data deteriorates markedly. We would expect the ECB to change stance should the growth outlook turn significantly sour from its 2.1% expected growth this year, to somewhat below the potential growth (estimated by EC around 1.5%).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Aussie testing the 0.7400 level FX Street 5 years Analysts at Danske Bank, remain somewhat sceptical on the resilience of the ECB inflation outlook, as especially domestically generated price pressures remain muted. Key Quotes: "We remain somewhat sceptical on the resilience of the inflation outlook. Although headline inflation will remain close to 2% over the coming months, this is mainly due to energy prices. In light of our and markets expectation that oil prices will not rise further, the positive contribution from energy prices will abate from late 2018 onwards. At the same time, different measures of the underlying inflation pressures in the euro area still paint a somewhat… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.