The ECB raised its inflation and growth forecasts. Inflation in the Eurozone is expected to be 0.2% in 2016, up from its March estimate of 0.1%, 1.3% in 2017, unchanged from its March estimate, and 1.6% in 2018, unchanged from its March estimate.
The central bank expects the economy in the Eurozone to expand 1.6% in 2016, up from its March estimate of 1.4%, 1.7% in 2017, unchanged from its March estimate, and 1.7% in 2018, down from its March estimate of 1.8%.
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