ECB: No Risk of Deflation in Europe

Politics ♦ Published: July 29, 2013; 09:41 ♦ (Vindobona)

The European Central Bank (ECB), in contrast to the International Monetary Fund (IMF), does not see the danger of a general downward trend in prices with all its negative effects for the economy.

ECB: No Risk of Deflation in Europe / Picture: ©

“We do not see a risk in deflation,” member of the ECB governing board Jörg Asmussen told “Süddeutsche Zeitung” (issue July 29, 2013). According to Asmussen the expectations for inflation are close to, yet below a value of two percent on a long-term. His colleague Benoit Coeure added that this was the major difference to Japan. It was crucial that Japan – other than Europe…