Eurozone inflation has risen to zero percent and out of negative territory in October. But it's still way off the European Central Bank's two-percent target. If the problem persists, ECB chief Mario Draghi might be encouraged to take more action.
Despite the European Central Bank's policy of infusing cash into the economies across the euro area, the bloc's inflation rate stays stubbornly lower than recommended by governors. They even predict a fresh slump.
The European Central Bank (ECB) knows it can’t change its loose monetary policy too rapidly, lest it shock markets and banks. But change will have to come soon, maybe as soon as Thursday when governors meet again.
European Central Bank (ECB) chief Mario Draghi has called the bank's ultra-loose monetary policy a success, but admitted there were gaps in understanding the effects of the "new tools" on the real economy.
After the central bank's latest policy meeting, its president Mario Draghi provided only vague hints as to how the ECB would wind down its huge asset purchases. Fast action has been complicated by a much stronger euro.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version