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Saturday, 19 August 2017

The ECB is still worried about low inflation

The European Central Bank is still worried about the low level of inflation in the eurozone despite the substantial improvement in its condition.
From the protocols of the bank meeting held on July 20, it is clear that, according to ECB officials, market participants are too aggressive in their expectations of the recent end of the stimulus.
This was affected the value of the euro, which in the last few weeks increased significantly compared to other major currencies.
Although inflation in the eurozone is growing at a good pace, with the latter accounting for 1.3%, this is still below the 2% target of the ECB, a level that is considered healthy for the economy.

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