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ECB monthly bulletin expresses worry about low inflation

The European Central Bank’s (ECB) latest monthly bulletin highlights the well known fact that the bank is concerned about low inflationary pressures.

The bulletin says, “Expected path of inflation in 2016 is now "significantly lower".

Key Points

Economic recovery continues on the back of private consumption, but is being held back by slowdown in export growth.

Latest indicators are broadly consistent with unchanged pace of growth.

EUR/USD rises to fresh 4-month highs near 1.1160

The shared currency picked-up significant strength versus its American counterpart in the last hours, with EUR/USD now hovering near multi-month highs above 1.1150.
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