Inflation forecasts in the euro area have been adjusted slightly downward: in 2015, the total inflation of the euro area is expected at 0.1%, in 2016 it will rise by 1.0% and in 2017 by 1.6%.
Most economists doubt that or – like the Bonn economist, Martin Hellwig – they do not accept it as a reason for forgoing stricter regulatory capital requirements. The reason is that, at this point, practitioners like to argue implicitly using a ceteris paribus clause, in other words, all other things being equal.