ECB upgrades inflation forecast for the Eurozone to 0.3% in 2015

Market news

3 June 2015

ECB upgrades inflation forecast for the Eurozone to 0.3% in 2015

The European Central Bank (ECB) President Mario Draghi presented new inflation and growth forecasts at a press conference on Wednesday. The ECB forecasts an annual inflation at 0.3% in the Eurozone in 2015, up from the previous estimate of 0.0%, 1.5% in 2016 and 1.8% in 2017.

The central bank expects the annual real GDP to expand at 1.5% in 2015, at 1.9% in 2016 and at 2.0% in 2017, down from the previous estimate of 2.1%.

U.S.: Crude Oil Inventories, May -1.948 (forecast -2.0)

U.S.: ISM Non-Manufacturing, May 55.7 (forecast 57.0)

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