Taking a Knife to ECB Forecasts as Euro Area Wobbles

Taking a Knife to ECB Forecasts as Euro Area Wobbles

(Bloomberg) -- The European Central Bank’s forecasts aren’t aging too well -- it’s time for a downgrade next week, according to Bloomberg Economics. A weaker economic outlook makes adjustments to the Governing Council’s guidance on interest rates inevitable. But with policymakers expressing comfort with market pricing, there’s little urgency. Instead, BE expects a change in June, alongside an announcement on liquidity measures.

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