Sees a moderate and steady recovery in the economy Sees gradual rise in inflation Outlook remains subject to downside risks In Dec ECB will have new staff projections through to 2019 Council will review the committees work on QE in Dec Data suggests Q3 will be similar to Q3 Investment should be supported by favourable financing conditions EZ economy expected to be dampened by export demand There is no signs yet of a convincing upward trend in underlying inflation
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