ECB Said to Cut Inflation Outlook After Energy Prices Slide

Bloomberg/Paul Gordon & Alessandro Speciale/06-07-17

The European Central Bank is preparing to cut its inflation outlook across its forecast horizon at this week’s policy meeting because of weaker energy prices, according to euro-area officials familiar with the matter.

The ECB’s draft projections now show consumer-price growth at roughly around 1.5 percent each year in 2017, 2018 and 2019, the officials said, asking not to be identified because the information is confidential. The previous projections in March foresaw rates of 1.7 percent, 1.6 percent and 1.7 percent, respectively.

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