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
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
Sent from my BlackBerry 10 smartphone on the Telkomsel network.
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