In respect of the EZ, analysts at BNP Paribas explained that despite concerns at the beginning of the year, the effect of financial stress on growth should remain contained. Key Quotes: "In the Eurozone, the picture is largely unchanged, without being particularly upbeat. GDP, which grew by 1.5% in 2015, is unlikely to do much better in 2016." "Against this backdrop, it is hardly surprising that inflation remains low, a worrying situation that explains why the ECB eased its policy again in March." "It remains to be seen whether this will be enough or if European leaders will find a way to further support the central bank’s action." For more information, read our latest forex news.