No Forward March for the ECB
The latest inflation data, despite being very low, are unlikely to spur more action from the European Central Bank.
By Richard Barley
The European Central Bank will not be moved—not by these numbers anyway. Euro-zone inflation fell to just 0.5% in March according to Eurostat’s flash estimate released Monday, the lowest since November 2009. So-called core inflation, which excludes volatile prices for energy, food, alcohol and tobacco, came in at 0.8%, broadly in line with recent months.