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Drying up: Eurozone inflation fell back to record lows not seen since before the European Central Bank's surprise rate cut last November.

23rd March, 2014
Mario Draghi.

Drying up

Eurozone inflation fell back to record lows not seen since before the European Central Bank's surprise rate cut last November. Consumer prices were up just 0.7 per cent in February from the year before, prompting speculation that Mario Draghi and the ECB governing council will cut rates again or resort to other measures to help boost the European economy. Banks are also paying down their ECB borrowings ahead stress tests later this year,...

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