The European Central Bank upgraded its 2017 growth forecast on Thursday and now sees the fastest expansion in a decade. Still, even with that backdrop -- which includes a relatively steady pace being maintained in the following two years.
President Mario Draghi isn’t having the same success with inflation. The central bank cut its outlook for next year and 2019 and expects prices will remain short of its goal -- just below 2 percent -- at 1.5 percent in 2017, 1.2 percent in 2018 and 1.5 percent the year after that.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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