Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Headache for ECB as Eurozone falls into deflation again

Published 09/30/2015, 11:06 AM
Updated 09/30/2015, 11:06 AM

Investing.com - Euro zone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to beef up its asset purchases to kick start anaemic price growth.

Prices fell by 0.1% on an annual basis, the first time since March that inflation has dipped below zero.

The negative reading is a headache for the ECB, which is buying 60 billion euros of assets a month to boost prices. It has already said it may have to increase or extend the quantitative easing scheme because inflation may fall short of its target of almost 2% even in 2017.

ECB President Mario Draghi, though striking a balanced tone, stressed last week that the ECB was ready to act and had much flexibility regarding the scale, composition and duration of its asset purchases.

Latest comments

Germany imposed austerity on virtually everyone else inside that EU charade...That, of course has long term side-effects!!!Consumers won't be shopping as they used to....Either because of job losses,low or part-time wages, fear, or simply consumer reaction out of anger...The operation succeeded, but the patient died!!!!Printing money will not work...The unemployed will not borrow....It's that simple!!!...Too hard to grasp for the EU kleptocrats....
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.