Mon, 22 Dec 2014 12:14:10 GMT
European consumers spend more as inflation rate falls
As oil becomes more affordable, the European households are starting to spend more. According to Jens Weidmann, Bundesbank President, this may act as a positive factor for the Euro zone economy and thus could decrease the chance of the QE by the ECB. Still, many officials of the monetary authority remain worried regarding the slow inflation and say the European