The European Central Bank (ECB) lowered its economic growth and inflation forecasts. Eurozone's economy is expected to expand 1.4% in 2015, down from the previous estimate of a 1.5% gain, 1.7% in 2016, down from the previous estimate of a 1.9% rise, and 1.8% in 2017, down from the previous estimate of a 2.0% increase.

Eurozone's inflation is expected to rise 0.1% in 2015, down from the previous estimate of a 0.3% gain, 1.1% in 2016, down from the previous estimate of a 1.5% rise, and 1.7% in 2017, down from the previous estimate of a 1.8% increase.