- I confirm the program for quantitative easing and it will continue in full force or buy-out of bonds worth €60bn. monthly.
- The economy expanded more than expected in the first half of 2017.
- Inflation remains under pressure but gradually rises to the central bank's target
- Medium-term outlook for the euro area remains unchanged.
- We expect the key interest rate to remain at the current levels until the end of the quantitative easing program.
- In the long run, we expect broad growth to remain.
- The CPI will fall to the end of the year.
- Inflation forecasts have changed to negative since the rise of the euro.
- This autumn we will decide on monetary policy changes.
- The ECB expects growth in 2018 to be 1.8%
- The ECB will be cautious about the strong change in the euro exchange rate.
EUR/USD rose above 1.2000, currently trading at around $ 1.2044, with moods remaining highly positive.
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