ECB said to lower its inflation forecasts according to Bloomberg, EUR/USD falls

Yohay Elam FXStreet

The European Central Bank is set to cut its inflation forecasts in new projections that it will publish alongside the rate decision later today. Bloomberg reports.

EUR/USD is trading at slightly lower ground, falling to a low of 1.1367 after reaching a daily high of 1.1393 earlier in the day.

The ECB announces its rate decision at 12:45 GMT. President Mario Draghi begins the press conference at 13:30 GMT and will include the new inflation and growth forecasts in his prepared remarks at the beginning of the event.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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