Euro zone inflation in January was weaker than expected

 

 

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Euro zone inflation (pdf) in January was weaker than expected, with prices rising by only 0.7%, matching the slowest rate in more than four years. The last time inflation slowed to the current level, in October, it prompted the ECB to cut rates at its following meeting. 

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“The low inflation figures could prompt the European Central Bank to add more stimulus in the near future,” says Azad Zangana, an economist at Schroders, in a research note. “However, the ECB has largely exhausted the tools at its disposal, or at least those tools that Germany is willing to tolerate.”  

http://qz.com/172787/the-ecb-might-be-about-to-step-to-the-edge-of-the-monetary-policy-cliff/