The slightly weaker outlook for activity than the June 2015 BMPE largely reflects a less favourable external environment. 7  According to the 2015Q3 and the 2015Q4 Surveys of professional forecasters, longer-term inflation expectations stood at 1.9% (up from 1.8% according to the 2014Q4, 2015Q1 and 2015Q2 survey rounds).
BIS central bankers’ speeches  7  Furthermore, against the background of weak investment, the Investment Plan for Europe – also referred to as Juncker Plan –, is a welcome initiative and a priority of the Luxembourg Presidency. It aims to unlock additional investment of at least € billion over the next three years by addressing market gaps and by mobilising private capital.