22457
Eurozone Inflation Steady
World Economy

Eurozone Inflation Steady

Eurozone inflation remained steady in July, a result of falling energy prices offsetting the impact of a rise in the price of industrial goods, Euronews reported. The rate stayed at 0.2% according to Eurostat, EU’s official statistics agency. The eurozone emerged from four months of deflation in April but inflation is still below the European Central Bank’s target of 2% suggesting there is still more work to be done. The ECB has interest rates close to zero and this year began a money-printing quantitative easing scheme, buying government bonds and other assets to pump around €1 trillion ($1.1 trillion) into the economy so as to boost growth and prices. Eurostat also said on Friday that unemployment across the eurozone stands at 11.1% for the third month in a row. The lowest jobless rate is in Germany, with 4.7%, while the highest, 25.6%, is in Greece. The overall number of people out of work in the eurozone has increased by 31,000 since May.

 

Short URL : http://goo.gl/31H2E5

You can also read ...

Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
Lloyds Loses Mortgage Market Share
Lloyds lost market share in UK mortgages last year as Royal...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Copper Prices to Go on Steroids
Copper’s slump amid a deepening global trade conflict offers a...

Trending

Googleplus