The ECB's latest projections foresee an average inflation rate of 1.3% this year, before accelerating to 1.5 percent in 2018. Eurozone inflation accelerated to the fastest pace since January 2013, providing fresh arguments to those calling for an exit from the European Central Bank's monetary stimulus programme. Rising oil prices have been pushing up inflation across the eurozone, including in Germany, its largest economy, Spain and Italy. "The focus remains on core inflation, which isn't looking great," said Frederik Ducrozet, senior economist at Banque Pictet and Cie in Geneva. Meanwhile, the eurozone's core inflation, which strips out volatile elements such as energy, was unchanged for the third consecutive month in February at 0.9%.
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Continue Reading Below ADVERTISEMENTAt Thursday's meeting, the ECB kept its rate on bank overnight deposits, which is currently its primary interest rate tool, at -0.40 percent. The European Central Bank left its policy stance unchanged as expected on Thursday, keeping unprecedented stimulus in place and maintaining its dovish guidance even though inflation and growth have rebounded more quickly than expected. Forthcoming elections in some of the bloc's biggest economies, including France, Germany and the Netherlands, are also clouding the outlook. Continue Reading BelowFacing low inflation and weak growth, the ECB has kept interest rates in negative territory and bonds purchases at 80 billion euros a month, promising substantial accommodation and an extended market presence to aid the euro zone's recovery. Although recent data have surprised on the upside, the inflation surge is likely to be temporary.
http://www.sfgate.com/news/world/article/European-Central-Bank-keeps-its-monetary-stimulus-10988878.phpEuropean Central Bank keeps its monetary stimulus program steady to help economy, boost inflation
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European Central Bank Leaves Interest Rates Unchanged
Continue Reading Below ADVERTISEMENTAt Thursday's meeting, the ECB kept its rate on bank overnight deposits, which is currently its primary interest rate tool, at -0.40 percent. The European Central Bank left its policy stance unchanged as expected on Thursday, keeping unprecedented stimulus in place and maintaining its dovish guidance even though inflation and growth have rebounded more quickly than expected. Forthcoming elections in some of the bloc's biggest economies, including France, Germany and the Netherlands, are also clouding the outlook. Continue Reading BelowFacing low inflation and weak growth, the ECB has kept interest rates in negative territory and bonds purchases at 80 billion euros a month, promising substantial accommodation and an extended market presence to aid the euro zone's recovery. Although recent data have surprised on the upside, the inflation surge is likely to be temporary.
http://www.sfgate.com/news/world/article/European-Central-Bank-keeps-its-monetary-stimulus-10988878.phpEuropean Central Bank keeps its monetary stimulus program steady to help economy, boost inflation
read more visit us profit
collected by :Jack Luxor
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