Underlying inflation in single currency area was lower year on year in July,despite action taken by bank over past 18 monthsSpeculation is growing that the European Central Bank could choose action to stimulate the eurozone economy after official figures showed an easing in underlying inflation final month.
Pressure on the ECB increased when the European commission’s statistical agency, Eurostat, or published figures that showed core inflation in July was lower than in same month final year,despite aggressive action by the Frankfurt-based bank over the past 18 months. Related: Weak eurozone inflation raises prospect of ECB action - business live Continue reading...
Source: theguardian.com