Further deflation in Eurozone

Eurozone deflation widened to 0.3 per cent in September, taking core inflation in the single currency area to a nine-year low of 1.1 per cent. Inflation is expected to remain below the ECB&rsquo;s target of just below two per cent for some time.&nbsp; <br /><br />Separately, the ECB said the Eurozone is stabilising and expected to recover at a gradual slow pace, but admitted that the uncertainties surrounding the forecast remained high.