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ECB quarterly forecasts are for growth barely above 1.0% - Reuters

Written By Omkar Godbole | 2019-09-11 23:41:01 GMT

The European Central Bank (ECB) on Thursday will likely stress the need for aggressive stimulus by forecasting weaker growth and a slower return to price stability, two sources familiar with the matter told Reuters. 

Eurozone's economic growth will barely hold above 1% over 2019 and 2020, the quarterly projections are expected to show. 

Also, the central bank will likely forecast a slow and protracted rise in prices due to weaker growth. 

The ECB expected to cut rates by 10 basis points and announce a bond-buying program. 

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