Eurozone inflation may exceed ECB projections on oil price surge, the bank’s governing council member Ardo Hansson said, Investing.com reported. “There is certainty more upside than we would have thought before the forecast,” Hansson said Tuesday. “Since that time, the oil price has risen fairly substantially. Knowing what we know today, the outlook for inflation has upside risks,” he added. The ECB last week forecast inflation at 1.3% in 2017, 1.5% in 2018 and 1.7% in 2019. The bank’s medium-term target is for inflation close to but below 2%.
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