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4th Jun 2015 05:53Eurozone, Economic Monitor

Mr. Draghi struck a dovish tone yesterday, despite the new ECB staff projections upgrading the inflation forecast this year to an average of 0.3%, up from the zero predicted in March. The president reiterated that the central bank's expectation of a gradual improvement in inflation and real GDP growth is conditional on the full implementation of QE.

ecb qe inflation draghi pmi gdp greece germany

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Keywords for: 4 June. 2015 Inflation forecasts up, but Doves remain in charge at the ECB

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