Spending cuts and tax rises are expected to cool eurozone growth and inflation, meaning the ECB can afford to keep interest rates low.The ECB forecasts eurozone 1.4%-1.6% inflation for 2010, a slight upward revision from its March forecast.It also forecasts growth of 0.7%-1.3% this year
Spending cuts and tax rises are expected to cool eurozone growth and inflation, meaning the ECB can afford to keep interest rates low.The ECB forecasts eurozone 1.4%-1.6% inflation for 2010, a slight upward revision from its March forecast.It also forecasts growth of 0.7%-1.3% this year
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ECB holds eurozone interest rates at 1%
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