ECB sees upturn but slower CPI decline

GERMANY - The European Central Bank on Thursday maintained its assessment that the euro zone economy was recovering but said high oil prices could lead to slightly higher inflation than predicted earlier this year.

The ECB said in its April monthly bulletin that high costs of oil also contributed to uncertainty about how strong and quick the recovery would be, but said there was mounting evidence that the euro area would regain momentum this year.

"While some uncertainty remains as regards the