ECB upgrade inflation forecasts significantly, downgrades GDP forecasts

[PocketOption]

ECB upgrade inflation forecasts significantly, downgrades GDP forecasts

ECB President Christine Lagarde said in the post meeting press conference, inflation has “continued to surprise on the upside because of unexpectedly high energy costs.”, and prices rises became “more broadly based”. GDP growth was revised down for the near term, owing to the war in e. Inflation projections were revised up “significantly” to 5.1% […]

The post ECB upgrade inflation forecasts significantly, downgrades GDP forecasts appeared first on Action Forex.

Source: ECB upgrade inflation forecasts significantly, downgrades GDP forecasts