ECB cuts euro-zone growth forecast, holds rates

- Central Banking staff
- 04 Sep 2003

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The European Central Bank held its main interest rate steady at 2 per cent on Thursday 4 September and cut its estimate of euro zone growth to "slightly below" the mean of its range of 0.4-1 per cent. The slight downward revision means the ECB is now more pessimistic about the growth outlook than the EU Commission, which is forecasting growth of 0.7 per cent.

Source: Reuters

The European Central Bank is expecting the eurozone economy to grow by slightly less than 0.7 per cent in 2003, the bank's

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com