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ECB keeps its QE total unchanged
03 Sep 2015 19:07
The European Central Bank has downgraded its forecasts for both inflation and economic growth in the single currency area over the next few years.
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The ECB, in its regular staff projections, was pencilling in growth of 1.4% for 2015, 1.7% for 2016 and 1.8% for 2017, president Mario Draghi said.
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Area-wide inflation was projected to come in at 0.1% this year, 1.1% next year and 1.7% the year after, he added.
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The European Central Bank also said it was holding its €60 billion a month asset purchase limit unchanged but raised the amount of any one issue it could buy to 33% from 25%.
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Mario Draghi also repeated a pledge to change the programme if necessary.
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