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Eurozone inflation turns negative again

2015-09-30 1 Dailymotion

Inflation in the eurozone turned negative again in September due to falling oil prices, raising pressure on the European Central Bank to take more measures to kick-start growth.<br /><br /> Prices fell by 0.1 percent on an annual basis, the first time inflation has dipped below zero since March.<br /><br /> The ECB, which is pursuing a target of almost two percent, is buying 60 billion euros of assets each month to boost prices but says it may have to increase or extend its quantitative easing scheme. <br /><br /> But long term inflation expectations are at their lowest level since February, with China’s economic slowdown, rock bottom commodities prices and feeble lending growth in the eurozone reinforcing pessimism.<br /><br /> Inflation has run below target for two years now and shows little sign of picking up just yet.

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