German inflation to hit 16-month high in September, state data suggest

German inflation to hit 16-month high in September, state data suggest
 

German inflation appears to have picked up more than expected in September, possibly reaching its highest level in 16 months, regional data suggested, an encouraging sign for the ECB that price pressures are reviving in Europe's biggest economy.
The European Central Bank has unleashed unprecedented monetary stimulus in recent years, cutting interest rates aggressively and pumping more than a trillion euros into the economy through asset purchases.
Still, growth in the euro zone remains moderate and the 19-member currency bloc has been struggling with little or no inflation, due mainly to a... read more

 
29 September 2016 in Business, Views: 34
Source: Reuters
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