Changes to the ECB forecasts
- 2017 growth 2.2% vs +1.9% previously
- 2018 growth unchanged at 1.8%
- 2019 growth unchanged at 1.7%
Inflation:
- 2017 inflation unchanged at 1.5%
- 2018 inflation 1.2% vs 1.3% prior
- 2019 inflation 1.5% vs 1.6% prior
These forecasts are in line with yesterday's leaks.
Draghi said inflation had yet to show signs of a sustained convincing upward trend. Draghi blamed lower inflation forecasts on the higher euro.