Fresh forecasts from the ECB
GDP forecasts:
- 2.1% in 2019 (vs 2.0%)
- 1.4% in 2020 (vs 1.6%)
- 1.4% in 2021 (vs 1.5%)
Inflation:
- 2019 1.3% (vs 1.2%)
- 2020 1.4% (vs 1.5%)
- 2021 1.6% (vs 1.6%)
The rally in the euro shows just how poor expectations were coming into this meeting. EUR/USD remains near the highs of the day at 1.1289, up a half-cent from before the ECB statement.
