Eurozone inflation unchanged in December

AFP, BRUSSELS: Eurozone inflation remained unchanged at a lower than expected 0.2 per cent in December, official data said yesterday, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in EuroEurozone inflation unchanged in December
AFP, BRUSSELS: Eurozone inflation remained unchanged at a lower than expected 0.2 per cent in December, official data said yesterday, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in Europe.
The data from the EU's Eurostat statistics agency came in below analysts' forecast of 0.3 per cent inflation for the period, which is itself much lower than the ECB's official two percent target.
ECB president Mario Draghi last month disappointed market hopes with a more limited than expected bid to revive the struggling eurozone economy given low inflation levels across the 19 countries that share the euro.
But ECB executive board member Yves Mersch last week said policymakers have "by no means used up all our ammunition", in an interview with the International Bankers Forum.
Inflation in December was again dragged down by energy prices, led by oil, but this drop slowed sharply to 5.9 percent annually instead of 7.3 per cent the previous month, the data showed.pe.
The data from the EU's Eurostat statistics agency came in below analysts' forecast of 0.3 per cent inflation for the period, which is itself much lower than the ECB's official two percent target.
ECB president Mario Draghi last month disappointed market hopes with a more limited than expected bid to revive the struggling eurozone economy given low inflation levels across the 19 countries that share the euro.
But ECB executive board member Yves Mersch last week said policymakers have "by no means used up all our ammunition", in an interview with the International Bankers Forum.
Inflation in December was again dragged down by energy prices, led by oil, but this drop slowed sharply to 5.9 percent annually instead of 7.3 per cent the previous month, the data showed.

Eurozone inflation unchanged in December

AFP, BRUSSELS: Eurozone inflation remained unchanged at a lower than expected 0.2 per cent in December, official data said yesterday, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in EuroEurozone inflation unchanged in December AFP, BRUSSELS: Eurozone inflation remained unchanged at a lower than expected 0.2 per cent in December, official data said yesterday, adding pressure on the European Central Bank to ramp up its efforts to boost the economy in Europe. The data from the EUs Eurostat statistics agency came in below analysts forecast of 0.3 per cent inflation for the period, which is itself much lower than the ECBs official two percent target. ECB president Mario Draghi last month disappointed market hopes with a more limited than expected bid to revive the struggling eurozone economy given low inflation levels across the 19 countries that share the euro. But ECB executive board member Yves Mersch last week said policymakers have by no means used up all our ammunition, in an interview with the International Bankers Forum. Inflation in December was again dragged down by energy prices, led by oil, but this drop slowed sharply to 5.9 percent annually instead of 7.3 per cent the previous month, the data showed.pe. The data from the EUs Eurostat statistics agency came in below analysts forecast of 0.3 per cent inflation for the period, which is itself much lower than the ECBs official two percent target. ECB president Mario Draghi last month disappointed market hopes with a more limited than expected bid to revive the struggling eurozone economy given low inflation levels across the 19 countries that share the euro. But ECB executive board member Yves Mersch last week said policymakers have by no means used up all our ammunition, in an interview with the International Bankers Forum. Inflation in December was again dragged down by energy prices, led by oil, but this drop slowed sharply to 5.9 percent annually instead of 7.3 per cent the previous month, the data showed.