Falling inflation urges ECB to introduce growth measures today

  Eurostat, the EU statistical service, announced yesterday its flash estimate for May inflation at 0.5%, down from 0.7% in April, thus raising concerns that Eurozone is irreversibly heading to deflation area and confirms fears that the single money zone is threatened by a too low inflation for a too long period of time. Falling […]

ECB ready to counter the rise of the euro?

As expected by many, the European Central Bank left its basic interest rate unchanged at 0.25%. However, Mario Draghi, the President of ECB, raised the tone of the central bank’s readiness to confront possible unfavorable developments in the money markets. Presumably he has in mind the risks which may arise in international money markets, from […]