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ECB Does Not See Danger of Deflation

Published: November 25, 2013; 13:35 · (Vindobona)

Benoit Coeure, member of ECB’s supervisory board, does not see the danger of deflation in Europe.

ECB Does Not See Danger of Deflation / Picture: ©

According to the board member of the European Central Bank (ECB), the low inflation will remain for the teime being. However, since the economy was recovering, it will to come to a deflation, Coeure pointed out. Instead, there will be a gradual return to an inflation rate of just under two percent, which the ECB regards as crucial for stable prices.

Earlier this month the…

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