FRANKFURT Nov 3 Inflation in the euro zone is
likely to fall below two percent next year and the economy is
likely to grow less robustly than thought, European Central Bank
President Mario Draghi said on Thursday.
Euro zone inflation remained at 3.0 percent last month, well
above the ECB's target of just below 2 percent.
"Inflation rates are expected to decline further in the
course of 2012 to below 2 percent," Draghi told a news
conference marking his debut as ECB president after the bank cut
interest rates by a quarter-point to 1.25 percent .
He said euro zone GDP growth forecasts were "very likely" to
be downgraded when the ECB releases new staff forecasts next