ECB forecast 2015 GDP growth at 1,4% vs. 1.5% prior

ECB forecast 2015 GDP growth at 1,4% vs. 1.5% prior; 2016 GDP growth at 1.7% vs. 1.9%.

ECB Forecast 2017 GDP growth at 1.8% vs. 2%.

ECB cut forecast on weaker external demand

Inflation to remain very low in coming months; inflation to rise toward of end of year

Inflation to pick up during 2016 and 2017

ECB forecast 2015 average inflation at 0.1% vs. 0.3% prior; 2016 average inflation at 1.1% vs. 1.5% prior.

ECB forecast 2017 average inflation at 1.7% vs. 1.8% prior.

Impact : Strong
Sentiment : Bad for EURO

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