The European Central Bank (ECB) is out with its economic bulletin for the month of December, highlighting the following points:
Euro area economic expansion is solid and broad-based.
Underlying inflation expected to rise gradually.
Ample degree of monetary accommodation still needed to secure a return of inflation close to 2%.
Global economy also continuing to expand at a solid rate, and Euro area recovery shows signs of synchronisation globally.
Financing conditions remain very favourable in the Euro area.
Confirms intention to continue QE until end of September 2018, or beyond, if necessary.
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