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4th Sep 2015 06:13Eurozone, Economic Monitor

The ECB left its key interest rates unchanged yesterday, and maintained the pace of QE at €60B a month, but increased the issue limit to 33% from 25%. The updated staff projections revealed a downward adjustment of the central bank's inflation and growth forecasts across all horizons up to 2017. These forecasts were accompanied by a very dovish introductory statement, noting disappointment with the pace of the cyclical recovery, and emphasizing renewed downside risks to the economy and the inflation outlook.

ecb oil growth em china price gdp qe pmi

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Keywords for: 4 Sept. 2015 The ECB is Spooked by Low Oil Price and Low Growth in EMs

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