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Eurozone inflation exits negative territory in October

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Eurozone inflation rose to zero per cent and out of negative territory in October, official data showed Friday, a level that is still low enough to encourage the European Central Bank to pump up its stimulus.

[BRUSSELS] Eurozone inflation rose to zero per cent and out of negative territory in October, official data showed Friday, a level that is still low enough to encourage the European Central Bank to pump up its stimulus.

Earlier this month, ECB president Mario Draghi signalled that the central bank could be ready to boost its contested bond-buying programme given low inflation levels across the 19 countries that share the euro.

The EU's Eurostat statistics agency also said eurozone unemployment dropped to 10.8 per cent in September.

AFP

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