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The shock fall seen in Eurozone inflation in March has been confirmed this morning. A final revision of Eurozone inflation for March has come in at 0.5 per cent – confirming the four-year low preliminary reading and stoking concerns that the economic area could slip into deflation, as disinflation continues. Below the European Central Bank [...]
The ECB will opt for a massive sum to force the euro down DESPITE the strongest signs yet that the European Central Bank (ECB) will act to tackle disinflation, markets remain unconvinced. ECB president Mario Draghi, speaking on Saturday, said that a continued strengthening of the euro (which the ECB believes has knocked up to [...]
THE European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said over the weekend as world finance chiefs ramped up pressure on Europe to ward off deflation. “The strengthening of the exchange rate would require further monetary policy accommodation,” he said.
Inflation in the Eurozone has fallen by more than expected in March, to 0.5 per cent year-on-year – that’s the lowest it’s been since November 2009. Although the number probably captured, in part, temporary factors relating to the timing of Easter this year, it's still weaker than was hoped for. Analysts had expected a reading [...]
THE EURO strengthened against other major currencies yesterday, following the European Central Bank’s (ECB) decision not to ease monetary policy further, and official forecasts of low inflation for years to come. Some economists had suggested that the central bank might choose to cut rates, but ECB president Mario Draghi held his ground and announced no [...]
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