Rising oil prices may see the European Central Bank (ECB) upgrade its inflation forecast when it meets on Thursday, while striving to keep the door open for further monetary policy loosening if necessary. "Given the recent oil price rise, a key question is to what extent the ECB will raise its inflation projections for 2016-2018 and what this might signal for its QE (quantitative easing) policy after March 2017," UBS economists said in a report on Thursday. ECB President Mario Draghi will need to tread a careful line after some upbeat data this month. A flash official estimate showed euro zone economic growth ... (full story)