With inflation rate falling to -0.2 %, Eurozone dips into deflation

EPA/OLIVER BERG

With inflation rate falling to -0.2 %, Eurozone dips into deflation


Prices in the euro zone fell in February, falling short of already depressed expectations, in a development that will boost expectations that the European Central Bank will unveil another stimulus package at its next policy meeting on March 10.

Combined with weak sentiment and output data, the dismal inflation figures suggest that the bloc's tepid growth is slowing, adding to calls for fiscal and monetary policy action to prop up an economy that has yet to grow back to its pre-crisis size.

...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now