Economic news

ECB expects inflation to rise to 1.9 percent by 2022

Euro area inflation could accelerate more than earlier predicted in five years’ time, according to the European Central Bank’s survey.

Price growth could increase to 1.9 percent by 2022, in keeping with with the ECB’s target.

The regulator will halve asset buys from next year but prolonged them by 9 months, arguing that the upbeat outlook allows to cut stimulus.

GDP is also seen to grow faster than earlier predicted, with forecasts raised to 1.9 percent in 2018 and 1.7 percent in 2019.

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