ECB releases its quarterly economic bulletin

  • Economic expansion expected to continue
  • Inflation expected to pick up towards the end of the year, then to increase gradually
  • Balance of risks for global activity has worsened
  • Risks skewed towards the downside in the medium-term

Nothing that we don't already know from the ECB after Draghi has basically reiterated all of the above points in his press conference during the monetary policy meeting earlier this month.