Global Macro Service > Research Briefings > Eurozone

ECB heads with a steady hand into the summer

The ECB kept its policy stance unchanged in June, reaffirming a “significantly higher” pace of asset purchases through the summer despite large upgrades to its growth and inflation forecasts for 2021 and 2022, which leave them slightly ahead of our own above-consensus view. But the ECB still sees inflation well-below target at 1.4% in 2023 underlining the need for continued policy support.

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