Oil price slump hurting ECB's stable price plan
Central bank faces looming deflation in eurozone
Frankfurt
THE plunge in oil prices is making it tougher than ever for the European Central Bank (ECB) to achieve its core mission of keeping prices stable at a time it faces looming deflation, analysts say.
In the short term, the collapse of crude prices to five-year lows will curb inflation. But in the longer term, the slump could boost growth, which in turn would reverse the stubbornly low inflation worrying the eurozone, economists say.
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