Reuters: Regulatory News: ECB unexpectedly keeps 2012 growth view unchanged

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ECB unexpectedly keeps 2012 growth view unchanged Jun 6th 2012, 12:54 FRANKFURT, June 6 | Wed Jun 6, 2012 8:54am EDT FRANKFURT, June 6 (Reuters) - The European Central Bank unexpectedly kept its growth outlook for the euro zone economy for this year and next largely unchanged, while narrowing its forecast range for inflation this year, t he bank's latest staff projections showed on Wednesday. The ECB had seen a stabilisation in the economy at low levels up until May, but the picture has darkened since with growing doubts over Greece's future in the euro zone and Spanish banking woes threatening to affect its access to market funding. Even so, the ECB's staff kept its forecasts for gross domestic product (GDP) this year at between 0.5 percent shrinkage and 0.3 percent growth, while slightly narrowing its 2013 forecast range to flat to 2.0 percent from flat to 2.2 percent. The ECB narrowed its inflation forecast for this year to between 2.3 percent and 2.5 percent, from 2.1 percent and 2.7 percent in March. It also narrowed the 2013 inflation range to 1.0 to 2.2 percent from 0.9 to 2.3 percent previously.

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