ECB Raises Growth and Inflation Forecasts
The European Central Bank lifted its economic growth and inflation projections on Thursday. Officials expect high energy costs to persist and pressure prices further. Despite these pressures, the economy shows resilience.
The European Central Bank lifted its inflation and GDP growth projections on Thursday morning, signaling that energy shocks will dissipate slowly. Inflation averaged above 3% over the summer, prompting the central bank to weigh further policy tightening.
