ECB may roll out heavy artillery against deflation in 2015
Greece elections may be unsettling for European partners, but should be manageable for eurozone, say bank watchers
Frankfurt
AFTER a breathless year of action and now a new political crisis in Greece, the European Central Bank may finally roll out its heavy artillery in 2015 in its battle against deflation, analysts said.
Bank watchers say new elections due in January in debt-mired Greece may prove unsettling for European partners but should remain manageable for the eurozone as a whole. This will mean the ECB's overriding challenge in the new year will continue to be to prevent the single currency area from sliding into deflation, a dangerous downward spiral of falling prices.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month