ECB's Centeno: Growth indicators have been surprising to the downside recently

<ul><li>The downside risks to growth outlined in June projections are materialising</li></ul><p>And I reckon they will have to adjust the more pessimistic growth scenarios in September again. But given the stubbornness of inflation, it seems like the ECB may yet have to lean towards one more rate hike next month before thinking to pause.</p>

This article was written by Justin Low at www.forexlive.com.