The ECB said to cut Inflation Outlook to around 1.5% through 2019

The ECB said to cut Inflation Outlook to around 1.5% through 2019

The EURUSD has showed a downward move sharply intraday as a report surfaced that the European Central Bank (ECB) would cut inflation forecasts for the next three years, sparking speculation that the euro area monetary authority will maintain its dovish stance. Inflation forecats to around 1.5% through 2019

The ECB targets inflation to be "close to, but below 2%"

All eyes will be on the ECB monetary policy announcement and Governor Draghi’s statements tomorrow. It might create volatility in EURUSD.

07 Jun 17 (Wed)

11:28 am



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