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