Eurozone growth could be weaker this year than ECB predicted

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday that economic prospects have worsened since December and added that the Euro area’s growth could be weaker this year than the ECB predicted, per Reuters.

“Inflation figures have mostly brought positive surprises recently,” de Guindos told Die Zeit. “I think that inflation will be slightly lower than we have predicted.”

Market reaction

These comments failed to trigger a noticeable reaction in the Euro. At the time of press, EUR/USD was down 0.06% on the day at 1.0833.