ECB growth forecast will be lowered in June but core inflation unchanged - report

Author: Adam Button | Category: Central Banks

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.
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