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18.03.2019, 13:51

ECB's vice-president De Guindos: the moderation in the pace of the euro area economic expansion will likely extend into the current year

  • The effects of the idiosyncratic factors currently weighing on economic growth are expected to unwind, albeit at a slower pace than initially foreseen
  • Supportive factors continue to be in place that will lift inflation above this year’s muted levels in the more medium term
  • Together with the economic expansion, labor cost pressures are expected to trickle through to wage growth and support underlying inflation
  • The monetary policy measures announced at the last Governing Council meeting will add to the ECB's already accommodative stance, which will continue to underpin the economic expansion and the convergence of inflation to our medium-term aim

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