Europe: The Week Ahead (Mar 11-15)
The European Central Bank ((ECB)) Thursday committed to combatting continued muted inflation across the Eurozone, amid lower prospects for growth, with a more dovish stance on monetary policy.
The central bank lowered its expectations for annual HICP across the board due in large part to its “more subdued near-term growth outlook.” The ECB anticipates HICP inflation to come in at 1.2% in 2019, 1.5% in 2020 and 1.6% in 2021. In mid-December 2018, the ECB expected those rates to register 1.6%, 1.7% and 1.8%, respectively.
Euro area real GDP