The European Central Bank left its economic growth and inflation forecasts largely unchanged on
Thursday, predicting that price growth would raise slowly but again miss its target of close to 2 percent in 2019.

The ECB slightly increased its 2017 growth forecast to 1.7% from 1.6% seen in September and lifted its 2017 inflation forecast to 1.3% from 1.2% projected three months ago, ECB President Mario Draghi said at a news conference.

In its initial projections for 2019, the ECB put inflation at 1.7%, still below the target it has undershot for more than three years despite unprecedented stimulus aimed at reviving economic growth and boosting consumer prices. (Reuters)

Source: www.businessworld.ie