Garganas said ECB staff projections on growth and inflation this year will likely be revised up. The ECB is set to release a fresh set of projections at the March 2 meeting. In December, the ECB and national central bank staff raised the inflation forecast for this year to between 1.6% and 2.6%, from a September projection of 1.4% to 2.4%. Economic growth for this year was forecast at between 1.4% and 2.4% in December, above the 1.3% to 2.3% projection in September. Garganas was speaking in an interview with Bloomberg in Athens.