empty
 
 

2017.05.2408:33:00UTC+00ECB Policymakers Say Eurozone Growth Improved amid Weak Inflation

Two European Central Bank policymakers said the eurozone growth may be improving and the central bank's policy will mirror these, but inflation is still feeble and needs to exhibit a compelling upward path before ending the stimulus program.

ECB Vice President Vitor Constancio said Wednesday he and his fellows are fully aware that the overall economic condition is improving, adding they share a unanimous view regarding economic developments.

But he mentioned the labor market slack is still huge, wage growth is unsteady, and economic output will remain below its potential at least until the following year.

For ECB official Peter Praet, removing the current stimulus prematurely could halt or reverse the upward trend in inflation. He said they are noticing a strengthening and more resilient economic recuperation.

The central bank will convene on June 8, in which they are anticipated to change its negative economic outlook and tackle whether to repeal its easing bias.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback