Euro, bond yields rally as ECB keeps QE policy steady
Posted on June 3, 2015 at 2:26 pm GMTThe European Central Bank kept its policy rates unchanged as well as its pace of quantitative easing since the Eurozone economy was continuing its recovery and inflation was also picking up. The ECB upgraded its inflation forecast for 2015 to 0.3% from 0% back in March, mainly as the price of oil has picked up. Inflation rates for 2016 and 2017 are forecast to be 1.5% and 1.8% respectively. GDP growth was forecast to be 1.5% for 2015 and 1.9% [..]