“The risks to economic growth are balanced in the short term,” the European Central Bank (ECB) said in its Economic Bulletin published on Thursday.
Additional points
The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner.
It will keep monetary policy rates sufficiently restrictive for as long as necessary to achieve this objective.
After five quarters of stagnation, the euro zone economy grew by 0.3% in the first quarter of 2024.
Most measures of core inflation declined further in April, the last month for which data was available, confirming the picture of gradually easing price pressures.
However, domestic inflation remains high.
Risks to economic growth are balanced in the short term, but remain tilted to the downside in the medium term.
Credit dynamics remain weak.
Source: Fx Street
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