“Risks to economic growth continue to tilt to the downside“, indicated on Thursday the Economic Bulletin of the European Central Bank (ECB).
Conclusions
Future decisions of the Governing Council will ensure that the ECB's official interest rates remain sufficiently restrictive as long as necessary.
In any case, the Governing Council will continue to apply a data-driven, meeting-by-meeting approach to determine the appropriate level and duration of the constraint, and you are not committing in advance to a particular type path.
Inflation is expected to fluctuate around current levels in the coming months and to decline to the 2% target next year.
Growth could be lower if the effects of monetary policy prove stronger than expected.
Source: Fx Street
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