ECB seen lagging inflation target through 2022: survey

FRANKFURT (Reuters) - The European Central Bank will still be missing its inflation target of just under 2% in 2022, according to an ECB survey of economists issued on Friday.

The ECB's regular Survey of Professional Forecasters put euro zone price growth at 1.2% this year, 1.4% next and 1.5% in 2022. This was in line with the previous edition of the poll, which was published in October but did not include 2022 figures.

The ECB has been taking increasingly aggressive measures to stimulate inflation over the last few years but economists still did not believe this would be enough to push price growth to the ECB's target any time soon.

The survey's "longer-term" inflation expectation, a rolling estimate that now refers to 2024, was stable at 1.7%.

(Reporting By Francesco Canepa; Editing by Kevin Liffey)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Shein could aim for September or October IPO in Hong Kong, source says
• U.S. equity funds draw biggest weekly inflow in three weeks on tech earnings hopes
• Nvidia supplier King Yuan Electronics to invest up to $1.4 billion in US facility