Eurozone inflation at zero per cent in March
[BRUSSELS] Eurozone inflation stood at zero per cent in March, revised data showed Thursday, despite the European Central Bank boosting its already massive stimulus programme to beat deflation.
This was compared with minus 0.2 per cent in February and was revised from minus 0.1 per cent first reported on March 31.
Falling energy prices again were the major factor, down 8.7 per cent in March after a fall of 8.1 per cent in February.
Last month, the ECB added to its already unprecedented stimulus programme by slashing record-low interest rates and promising to pump even more money into the banking system in an effort to get the banks to lend freely again.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April