ECB cuts inflation forecast, risks to growth ‘broadly balanced’

FT/Mehreen Khan/06-08-17

The European Central Bank has trimmed its medium-term inflation forecasts despite acknowledging the strength of the eurozone’s accelerating economic growth.

In its latest set of forecasts released today, the ECB said inflation would average at 1.6 per cent in 2019, down from a previous forecast of 1.7 per cent and further below its target of just under 2 per cent (see table above).

Inflation this year would average 1.5 per cent from a previous forecast of 1.7 per cent and fall to just 1.3 per cent next year.

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