Eurozone inflation is expected to stay above 2 percent in 2012, with upside risks prevailing, the editorial to the European Central Bank's monthly bulletin showed Thursday.
Over the policy-relevant horizon, the ECB forecasts price developments to remain in line with price stability.
A gradual economic recovery is expected in the course of the year. However, the outlook remains subject to downside risks, the bank said.
The ECB reiterated that all the non-standard monetary policy measures are temporary in nature and that all the necessary tools are available to address upside risks to medium-term price stability in a firm and timely manner.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.