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Cheap oil a bugbear for the ECB
Current prices are pushing inflation lower than it would like and fuelling concerns about the threat of deflation
Add BT as a preferred sourcePublished Wed, Dec 2, 2015 · 09:50 PM
Frankfurt
FALLING oil prices can be both a boon and bane for the global economy, but for the European Central Bank they are now a major headache because they are keeping eurozone inflation much lower than it would like.
On paper, low oil prices should be positive for the economy because they boost purchasing power.
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