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ECB’s Lagarde: Low Interest Rate And Low Inflation Environment Has Significantly Reduced The Scope For The ECB And Other Central Banks Worldwide To Ease Monetary Policy

Broadly In Line With Our Expectations, The Euro Area Economy Continues To Grow, Though Still With Modest Momentum.

The Domestic Economy Remains Relatively Resilient.

Global Factors Weigh On Euro Area Growth
There Are Tentative Signs Of Stabilisation

Moderate Growth Performance Is Delaying The Pass-Through From Wage Increases To Prices And Inflation Developments Remain Subdued

The Euro Area Economy Therefore Continues To Require Support From Our Monetary Policy