ECB shocks with rate cut to combat deflation threat

Jackson, Gary
November 2013
Fundweb;11/7/2013, p5
Trade Publication
The article reports that the European Central Bank (ECB) has cut its benchmark interest rates by 25 basis points to 0.25 per cent following fall in eurozone inflation to its slowest pace in four years. JP Morgan Asset Management global market strategist Kerry Craig states that low levels of inflation leave the region open to shocks that could see weak inflation quickly become deflation.


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