ECB cuts growth outlook, with ongoing uncertainty

The European Central Bank Thursday slashed its forecasts for growth in coming years, citing the "persistently high degree of uncertainty" as the main reason. The publication of the ECB's monthly report reveals more on the motivation for its recent half point interest rate reduction.

In the bank's monthly bulletin for December, the ECB forecast growth in 2003 at 1.1%-2.1%, a drastic downward revision from its previous forecast for growth of 2.1%-3.1%. Inflation is expected to come in a range of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: