Pictet Wealth Management believes that the “upward momentum” the ECB has been waiting on is now underway, with expectations of +1.3% HICP inflation in 2017 and +1.5% 2018. “We expect the upward trend to become increasingly visible after a period of volatile inflation figures that were due to a combination of one-off factors,” according to Pictet’s latest note. “Although upside…
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