Fri, 01 Nov 2013 13:08:06 GMT
ECB points on deflationary risks in Eurozone
Mario Draghi, the president of the European Central Bank, announced on Friday that the Eurozone will face a considerable deflationary risk in the nearest future, as the inflation rate in the single currency region dropped to 0.7% in October from 1.1% in September, still being below the 2% target rate. Moreover, the ECB has few options remaining to deal with