Slow down in inflation increases pressure for ECB rate cut

Euro-area inflation slowed more than economists forecast in May, cranking up pressure on the European Central Bank to deploy measures as soon as this week to drive growth.

3rd June, 2014
ECB President Mario Draghi has warned about the risk of a negative price spiral.

Euro-area inflation slowed more than economists forecast in May, cranking up pressure on the European Central Bank to deploy measures as soon as this week to drive growth.

The rate fell to 0.5 per cent from 0.7 per cent in April, the European Union’s statistics office in Luxembourg said today. The rate has been less than half the ECB’s target for eight months.

With ECB President Mario Draghi warning about the risk of...

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