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European Central Bank set to cut inflation forecast but hold rates steady

Por: MarketWatch Politics December 12, 2023

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The upcoming meeting is expected to see the ECB lower its growth and inflation forecasts for the European Union’s economy, in a sign its policies have started to work as high borrowing costs take their toll on the European economy. Morgan Stanley’s analysts expect the ECB will cut its GDP growth guidance for 2023 down from the 0.7% figure it put out at its September meeting to 0.5%. The bank also expects the ECB will lower its 2024 guidance... + full article



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