ECB: Inflation Expected To Remain Moderate Over Policy-Relevant Horizon

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Eurozone inflation is expected to stay around 1% in the near term, the European Central Bank said in its Monthly Bulletin on Thursday. Looking further ahead, inflation is forecast to remain moderate over the policy-relevant horizon, with overall price, cost and wage developments staying subdued in line with a slow recovery in demand.

The Governing Council estimates the Eurozone economy to grow at a moderate pace this year, recognizing that the recovery process will possibly be uneven and that the outlook remains subject to uncertainty.

Eurozone inflation is expected to stay around 1% in the near term, the European Central Bank said in its Monthly Bulletin on Thursday. (Market News Provided by RTTNews)