The favourable outlook for the global economy is overshadowed by the threat of protectionism. In the euro area growth has picked up. Some of this acceleration is on a sustainable basis, but long-term growth is likely to remain slower than pre-crisis growth.
Articles tagged with "ECB"(8)
Growth picking up but inflation remains subdued
Are market expectations in line with the forward guidance of the ECB?
Euro area set to recover
Editorial: Monetary policy exceptionally accommodative for a prolonged period
A slower recovery in the euro area would present new challenges for monetary policy. The ECB Governing Council monitors all incoming information. The asset purchase programme provides sufficient flexibility in terms of adjusting the size and duration of the programme. The package of articles on monetary policy and the international economic forecast will be published in English on 2 October 2015.