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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.
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.
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.
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%.
Mario Draghi also repeated a pledge to change the programme if necessary.

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