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ECB Economic Bulletin | Fx News Today

ECB ECONOMIC BULLETIN: -Economic recovery in the euro area is continuing -moderate global growth continued in the first half of 2016 -Governing council expects the economic recovery to proceed at a moderate but steady pace -annual real GDP expected to increase by 1.7% in 2016, by 1.6% in 2017 and by 1.6% in 2018 -annual HICP inflation seen at 0.2% In 2016, 1.2% In 2017 And 1.6% In 2018 -Between early June And early September Euro area and global Financial Markets remained relatively calm, apart from the immediate period around the UK referendum BOE FCP MEETING: -BOE: FPC says UK faces period of uncertainty, adjustment -BOE: FPC says UK faces period of uncertainty, adjustment -BOE: risks to stability include commercial real estate, current account -BOE: Financial policy committee says outlook for financial stability “Challenging” -BOE: FPC also concerned some households may struggle to service debts if econ weakens -BOE: FPC says risks to stability from global economy elevated -BOE: FPC sees prices of some fixed income assets elevated -BOE: FPC says term funding scheme has helped maintain bank interest margins -BOE: FPC says no risk to stability from help to buy scheme -BOE FPC: UK faces challenging period of uncertainty and adjustment after BREXIT -BOE – risks to UK commercial real estate are crystallising, transactions lowest since 2009 -BOE FPC says planned closure of ‘HELP TO BUY’ mortgage gurantee scheme at end of 2016 unlikely to affect lending -BOE – UK financial regulation will need to be at least as robust as currently planned, regardless of future relation with EU.

ECB Economic Bulletin


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