Wed, 31 Jul 2013 13:27:05 GMT
Possibility of loose ECB policy as Euro bloc CPI remains at 1.6%
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