After Brexit, Draghi faces oil hurdle on path to higher inflation
Brent crude has fallen more than 13% since the June 23 referendum, casting shadow over expected rise in inflation
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Frankfurt
WHENEVER Mario Draghi clears a hurdle on his path to higher inflation, a new one appears.
Just as the 19-nation economy sends encouraging signals that challenges from Brexit to terrorism won't derail the modest recovery, a new decline in oil prices is casting a shadow over an expected pick-up in inflation. With growth not strong enough to generate price pressures, the European Central Bank (ECB) president may have to revise his outlook yet again.
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