The ECB lowered its forecast for inflation in the Eurozone



The European Central Bank (ECB) on Thursday lowered its forecast for inflation in the Eurozone.

The forecast for 2017 has been lowered to 1.5% from 1.7%, in 2018 to 1.3% from 1.6%, for 2019 – to 1.6% from 1.7%.

However, the ECB raised its forecast for the pace of Eurozone GDP growth for 2017 to 1.9% from 1.8%, in 2018 to 1.8% from 1.7%, for 2019 – to 1.7% from 1.6%.

During the press conference ECB President Mario Draghi has abandoned previous claims about downward risks to economic growth prospects, stating that now “the risks greatly balanced”. According to him, the Eurozone economy appeared “strong momentum” but for the acceleration of inflation is still required “a very significant degree” stimulus.




The ECB lowered its forecast for inflation in the Eurozone 08.06.2017

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