ECB Executive Board member Yves Mersch said in Singapore that the Eurozone economy is experience broad based expansion. And risks to growth remain “broadly balanced”. Overall, Mersch expect the expansion to continue as a “pace slightly above potential in the period ahead.” Inflation is expected to continue its rise thanks to “quite some” degree of monetary stimulus.
However, Mersch also warned that risks related to global factors, including “the threat of increased protectionism, the finalization of the Brexit negotiations and vulnerabilities in emerging markets are gaining prominence.”
