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ECB's Draghi: Eurozone growth momentum to weaken in Q3

FXStreet (Łódź) - ECB head moves on to the forecasts saying that the outlook for inflation remains subdued.

• He suggests the new measures will help push CPI closer to the 2% target level.

• Inflation should pick up gradually in 2015 and 2016.

• Growth momentum expected to weaken further in Q3.

• GDP forecasts reduced to 0.9% this year and to 1.6% the next.

• 2016 GDP forecast raised to 1.9%, from 1.8%.

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