EZ to expand potentially > 1.3% 2016 – Commerzbank

By FXStreet Dr Jörg Krämer Chief Economist at Commerzbank explained that in the euro zone, the economy expanded in the first quarter at a fairly solid rate of 0.5% on the final quarter of 2015.

Key Quotes:

“We see upside risks to our 2016 growth forecast of 1.3%. But due to low core inflation and low marked-based long-term inflation expectations, the ECB is likely to ease policy again in the fourth quarter.”

“It will probably extend the bond purchasing programme beyond the possible end date in March 2017 and lower its deposit rate by another 10 basis points to -0.5%.”
For more information, read our latest forex news. …read more

Source:: 1.3% 2016 – Commerzbank” rel=nofollow>FX Street