Eurozone Inflation Up
World Economy

Eurozone Inflation Up

Inflation in the eurozone in November wasn’t as sluggish as initially estimated, data showed on Wednesday, but deflation fears are still likely to persist in coming months, analysts said, MarketWatch reported. Eurostat said its consumer-price index for the currency union rose 0.2% last month, up from the flash reading of 0.1% and beating analyst expectations. The 0.2% marks the highest level since August, but is still significantly below the European Central Bank’s inflation target of below, but close to, 2%. In an effort to fight off low inflation and weak growth in the eurozone, the ECB in early December decided to cut interest rates further and extend the length of its €60 billion ($65.56 billion) a month quantitative easing program. However, the measures underwhelmed investors, who were hoping for more aggressive stimulus and thus keeping alive anticipation of more easing in 2016. Inflation across most economies have been slammed sharply lower by a significant rout in oil prices.


Short URL : https://goo.gl/dURvhQ
  1. https://goo.gl/IOe5G3
  • https://goo.gl/5B2Bsb
  • https://goo.gl/RfwWGT
  • https://goo.gl/rzEcCK
  • https://goo.gl/87hO96

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Just over a quarter of Aussies have amassed debts equal to three times their income.
Australians’ average weekly household income grew by A$213 ($...