ECB sees slower growth momentum ahead - Bulletin

ECB sees slower growth momentum ahead - Bulletin
FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach   -  
Kai Pfaffenbach(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) – Euro zone growth indicators have consistently surprised on the downside suggesting weaker growth momentum ahead for the 19-country currency bloc, the European Central Bank said in an Economic Bulletin on Thursday.

“Incoming data have been weaker than expected, reflecting a diminishing contribution from external demand and some country and sector-specific factors,” the ECB said in a Bulletin, which is largely consistent with its policy stance after the January 24 rate meeting.

“While some of these factors are likely to unwind, this may suggest some slower growth momentum ahead,” the ECB said, repeating its policy stance that growth risks are skewed to the downside.

The ECB left policy unchanged last month but said that risks to growth were on the rise, indicating that any further steps to curb protracted stimulus may be delayed.

(Reporting by Balazs Koranyi; Editing by Toby Chopra)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.