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ECB Sees Upside Risks To Inflation, Forecasts Moderate Economic Recovery

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.

by RTTNews Staff Writer

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