Possibility of loose ECB policy as Euro bloc CPI remains at 1.6%

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Eurozone's inflation remained steady this month after climbing for two straight months, providing some freedom for the European Central Bank to pursue a stimulus policy as the Euro bloc's recovery is slow. The annual CPI was 1.6%, the same as it was in June, which is in line with economist's predictions. Economists believe that the benchmark interest rate will remain at 0.5% after tomorrow's meeting.

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