Strong inflation numbers from Germany, Spain take pressure off ECB



German inflation picked up in September to reach its highest level in 16 months and Spanish consumer prices rose for the first time since May 2014, positive signs for the European Central Bank that its ultra-loose monetary policy is working.
The ECB has unleashed unprecedented monetary stimulus in recent years to boost the economy and fight off the threat of deflation. It has cut interest rates aggressively to zero or less and pumped more than a trillion euros into the economy through asset purchases.
But with growth in the euro zone still moderate and inflation in the 19-member currency... read more

 
29 September 2016 in Business, Views: 47
Source: Reuters
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