×

ECB BULLETIN-ECB expects euro zone to recover only gradually

FRANKFURT, Oct 11 (Reuters) - Economic growth in the euro zone economy is expected to remain weak and "high uncertainty" is weighing on confidence, the European Central Bank said on Thursday in its monthly bulletin, adding that inflation expectations remained firmly anchored.

The ECB kept its main benchmark interest rate at a record low of 0.75 percent last week, but said the euro zone economy would recover only very gradually.

As usual, the editorial of the bank's bulletin was virtually identical to its main policy statement, read out by President Mario Draghi after its meeting last Thursday.

"Inflation expectations for the euro area continue to be firmly anchored," the ECB said in the bulletin.

"We expect the euro area economy to remain weak in the near term and to recover only very gradually thereafter."

"Economic growth in the euro area is expected to remain weak, with ongoing tensions in some euro area financial markets and high uncertainty still weighing on confidence and sentiment."

Below is a list of articles and special sections the bulletin contains. The articles can often shed light on the ECB's thinking about key issues and give a good insight into the type of analysis the bank uses to support its policy decisions.

* Compliance of outright monetary transactions with the prohibition on monetary financing

* Developments in the housing market in China * The impact of very low interest rates on monetary dynamics * Recent developments in consumer prices for oil products * Stock prices and economic growth To see full bulletin Reuters users should click on: (Writing by Eva Kuehnen)

((eva.kuehnen@thomsonreuters.com)(+49 69 7565 1244))

Keywords: ECB/BULLETIN