Hopes for a stronger recovery were hit with the new data: euro-zone core inflation was downgraded to 0.9% instead of 1% originally reported. In addition, growth figures came out short: +0.3% q/q and 1.2% y/y. We already had an early indication about growth.
It seems that the road to ending the ECB QE is still long. Easier credit conditions from the ECB, the weak euro and low prices are all positives, but it doesn’t help too much.
Read the rest of the article Euro-zone core inflation downgraded – QE end far from sight