Economics
ECB Can Sound More Confident in Economy by Cutting Its Forecasts
- March meeting provides opportunity to revisit balance of risks
- Officials deliberately dodged same negative wording as before
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The European Central Bank’s pessimism over its economic outlook might not last long even if the euro area fails to pick up speed -- instead it’ll just revise the projections to reflect the heightened risks.
Governing Council members Francois Villeroy de Galhau and Vitas Vasiliauskas said on Friday that policy makers expect to cut their 2019 growth prediction in March when the quarterly forecasts are updated.