ECB growth forecast will be lowered in June but core inflation unchanged - report
ECB sources cited by Reuters
- Policymakers in relative unison about ending QE this year
- Pace of rate hikes could be impacted by weaker growth and sluggish data
- Headline inflation could be raised in June on higher oil and weaker euro
- Growth forecast will be lowered in June and core inflation unchanged
It would be a dramatic climb-down if the ECB didn't stop QE. Even with growth a bit slower, they can't buy bonds forever and they're also likely to be irked by the political drama and talk of monetizing debt.