Eurozone inflation slows further in December, missing ECB targets

Brussels

EUROZONE core inflation slowed for the second month in a row in December, a big headache for the European Central Bank, which has printed hundreds of billions of euros to kick-start price growth with little to show for it.

Inflation has undershot the ECB's target for nearly three years and even radical policy steps including 1.5 trillion euros (S$2.3 trillion) of asset purchases will take years at best to push price growth back towards 2 per cent, threatening the bank's credibility.