ECB presents fresh inflation forecasts for 2010, 2011

2nd December 2010, Comments 0 comments

The European Central Bank presented on Thursday a fresh inflation forecast for the eurozone economy, estimating it would stand at 1.6 percent in 2010 and 1.8 percent in 2011.

In September, ECB staff had estimated inflation for the 16-nation bloc would come to 1.6 percent this year and 1.7 percent next year.

For 2012, the bank gave an initial inflation forecast of 1.5 percent.

© 2010 AFP

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