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ECB ups growth forecasts but keeps easy money pledge

It revises GDP growth forecast upwards to 2.4% in 2017, 2.3% in 2018, 1.9% in 2019 and 1.7% in 2020

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Mr Draghi says all in all, the revision of the macroeconomic projections is going in the right direction and notes that subdued wage growth suggests an ample degree of stimulus is still required.

Frankfurt

THE European Central Bank raised growth and inflation forecasts for the euro area on Thursday but stuck to its pledge to provide stimulus for as long as needed, predicting inflation would remain below target into 2020.

The ECB kept its key rates on hold and also held

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