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3 Jun 2015
Inflation to rise later in 2015 – ECB’s Draghi
FXStreet (Mumbai) - The ECB President Draghi, in his press conference, said the inflation rates are expected to rise later in 2015 and pick up further in 2016, 2017.
Inflation forecast for 2015 revised higher
As widely expected, the ECB staff projection for inflation have been revised higher for 2015, while projections for 2016 and 2017 have been kept unchanged.
ECB now sees inflation rising 0.3% in 2015 compared to the previous estimate of 0% in March. Inflation in 2016 and 2017 seen at 1.5% and 1.85 respectively.
Draghi added that the ongoing QE program will underpin inflation expectations and the domestic demand would remain as main driven of the economic recovery.
Inflation forecast for 2015 revised higher
As widely expected, the ECB staff projection for inflation have been revised higher for 2015, while projections for 2016 and 2017 have been kept unchanged.
ECB now sees inflation rising 0.3% in 2015 compared to the previous estimate of 0% in March. Inflation in 2016 and 2017 seen at 1.5% and 1.85 respectively.
Draghi added that the ongoing QE program will underpin inflation expectations and the domestic demand would remain as main driven of the economic recovery.