With the summer months now at an end, the Governing Council of the European Central Bank (ECB) is set to convene in Frankfurt on Thursday, to reveal fresh macroeconomic forecasts for the Eurozone. While the growth outlook is widely seen as stable, the inflation forecasts are built on shaky foundations, given the latest commodity market development and China-related turmoil, providing scope for further monetary stimulus expansion. In was the ECB's chief economist Peter Praet who hinted last week at a lower inflation forecast, saying the risks to inflation outlook had increased. "Developments in the world economy and ... (full story)