ECB Cut to Core Prices Forecast Hints at Entrenched Risks: Chart

Mario Draghi.

Photographer: Jasper Juinen/Bloomberg

The European Central Bank cut its forecast for core inflation in the euro area on Thursday, hinting that sluggish price-growth risks are becoming entrenched in the region even as energy costs rise and despite fresh stimulus announced in March. President Mario Draghi said the ECB remains ready and capable to ease more if needed, and that it will continue to “closely monitor” the inflation outlook.

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