Economics
ECB to Lower 2019 Inflation Forecast as Bond-Buying Ends
- Updated economic projections through 2021 set to be published
- Governing Council still expected to end asset-purchase program
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The European Central Bank is set to lower its inflation forecast for 2019 when it publishes an updated outlook on Thursday, according to people familiar with the matter.
Staff projections foresee consumer-price growth slightly weaker than the 1.7 percent previously expected for next year, and the outlook for economic growth has also been revised down, the people said. They asked not to be named as the forecasts aren’t final until they’re unveiled by President Mario Draghi. An ECB spokesman declined to comment.