European Central Bank upgrades its inflation and growth forecasts for this year

Market news

2 June 2016

European Central Bank upgrades its inflation and growth forecasts for this year

The ECB raised its inflation and growth forecasts. Inflation in the Eurozone is expected to be 0.2% in 2016, up from its March estimate of 0.1%, 1.3% in 2017, unchanged from its March estimate, and 1.6% in 2018, unchanged from its March estimate.

The central bank expects the economy in the Eurozone to expand 1.6% in 2016, up from its March estimate of 1.4%, 1.7% in 2017, unchanged from its March estimate, and 1.7% in 2018, down from its March estimate of 1.8%.

U.S. crude inventories fall by 1.4 million barrels to 535.7 million in the week to May 27

European stocks close: stocks closed mixed on the ECB’s interest rate decision

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