Sources: ECB outlook is said to see solid growth similar to Dec view - BBG

Bloomberg quoted Euro area officials familiar with the matter, as saying that the ECB’s new forecasts will show growth and inflation similar to the picture of solid economic momentum seen three months ago.

Key Points (Courtesy Bloomberg):

“The prediction for 2018’s expansion has been raised by 0.2 percentage point, the people said, asking not to be identified because the information is confidential. They said the adjustments to the projections are largely due to rounding and also result in a slightly more pessimistic view of inflation next year.

The ECB’s forecasts in December saw gross domestic product rising 2.3 percent in 2018, before cooling somewhat in subsequent years. Inflation at the time was predicted to pick up very gradually from an average of 1.4 percent this year.”