Not exact matches
Morgan Stanley's
forecast also assumes that growth picks up, while
headline inflation stays tame.
Based on the current level of oil prices, this
forecast implies that
headline CPI
inflation would remain close to 3 per cent in the short term.
The new
forecasts also showed Fed officials now expect sharply higher
headline inflation this year, between 2.1 percent and 2.8 percent.
Instead, our central
forecast is for underlying
inflation to gradually rise over the next couple of years, and for
headline inflation to increase a bit more quickly, boosted by increases in oil and tobacco prices.
Our
forecast a few months ago for 2010 was that
inflation, measured either in
headline or underlying terms, would be in line with our 2 — 3 per cent target.
But the mixed economic picture was underlined by the same month's
inflation report, showing annual price rises below consensus
forecasts at the
headline level and a slight decline in core
inflation.
The ECB's latest set of macroeconomic projections reflected the economic backdrop, containing increased
forecasts for growth in the next two years but a relatively small predicted uptick in
inflation in 2018, and further out a
headline rate of only 1.7 % by 2020.
Also, Fitch
forecasts that, «a high
inflation could have a fiscal impact if it keeps domestic funding costs elevated (yields can be as high as 20 % on short - term instruments), although we think the Bank of Ghana may have scope to ease monetary policy in 2017, as the impact of electricity tariff adjustments drops out of CPI calculations, lowering
headline inflation.»
The Monetary Authority of Singapore and Ministry of Trade & Industry said they are maintaining their
forecast for core
inflation to come in at 1 to 2 per cent this year, and for
headline inflation to be between 0.5 and 1.5 per cent.