The European Central Bank expects prices in the euro zone to keep falling this year and rebound more slowly in 2021 than it previously thought even as the prospect of a coronavirus vaccine boosts the growth outlook, ECB vice president Luis de Guindos said in an interview published on Saturday. The ECB is due to unveil its new projections on December 10, along with a new stimulus package. De Guindos’ comments suggest a cut to the inflation forecast for this year, next year and possibly even 2022 is on the cards.
Published in The Express Tribune, November 29th, 2020.
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