ECB Economic Bulletin: Downside risks have been increasing

The European Central Bank (ECB) published the economic bulletin of its January monetary policy meeting this Thursday and here are some of the key highlights:

   •  The incoming information about Euro-zone economic activity has surprised on the downside.
   •  Economic indicators signal a moderation in the global growth momentum as well.
   •  Rising labour cost pressures has not translated into further increases in price pressures.
   •  Headline inflation could decline further over the coming months in wake of lower oil prices.