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3rd Sep 2015 04:26Eurozone, Economic Monitor

Today's ECB meeting will be accompanied by an update of the staff projections, where the inflation outlook will be in the spotlight. The June forecasts predicted an average inflation rate of 0.3% year-over-year this year, currently requiring a rather steep increase in inflation towards 1.1% at the end of the year. We think this is achievable, but we doubt the ECB is willing to be as bold, and it is reasonable to assume this year's forecast will be revised down a notch.

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Keywords for: 3 Sept. 2015 No Additional Easing, but ECB to Face Tough Questions on Inflation

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