Frederik Ducrozet
That's a triple-dip disinflation wave.
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The cut-off date for the next ECB staff forecasts should be set around 10 February. 3 weeks left for a hypothetical rebound in oil.
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@fwred#ECB policy driven by oil is awful idea, Europe is not Saudi Arabia. Core CPI at 1pc ok if GDP growth > potential.#macrostrategy -
@luca_paolini it's unfortunate for sure, but as a matter of fact they've become more market/oil dependent
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@fwred it will be interesting know which oil level ECB assumes in its model. Perhaps in March revision they'll agree it's dropped? -
@CavaggioniMario they're quite transparent about that in their staff projections and assumptions
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Luca Paolini
Mario Cavaggioni
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