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Low inflation in Eurozone may lead to new monetary expansion strategy

Eurozone inflation far below the European Central Bank's 2% target may force governor Draghi’s hand and result in extraordinary monetary expansion measures

By Richard Nehme | April 29, 2014 12:37 BST
Euro continues to benefit from weaker USD
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free read Week 52 US wholesale price ‘market pulse’ updates available on key seafood commodities

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European Central Bank policymaker Christian Noyer said yesterday “The euro's current strength is a strong deflationary factor and low inflation is likely to persist in the euro zone for some time”. EURUSD is currently sitting around $1.38, the euro's strength forces import prices lower, which negatively affects overall inflation [...]

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