The ECB expects acceleration of inflation in the eurozone against the background of economic growth

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The European Central Bank pointed out in its report that the lack of production capacity of eurozone companies could cause an acceleration of inflation in the region, Bloomberg reports. Against the background of previously published data indicating a downturn in the eurozone's economic impulse, the ECB's outlook for higher inflation will support the regulator’s intention to complete a bond buying program by the end of this year. Bank experts believe that further restriction of supply will be followed by accelerated wage growth and core inflation. They noted the continuation of economic growth, which is accompanied by the expansion of labor, low unemployment and increased productivity growth.

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