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2 Apr 2014
No deflation in the euro area... for now - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the relevance of the ECB gathering due tomorrow...
Key Quotes
"Euro zone inflation fell to the lowest level in almost five years last month at just 0.5% in March, below expectations, which will heap more pressure on the ECB which maintains that it does not yet prove a significant threat to the economy. The ECB's faith in their 'no deflation threat' mantra was restated yesterday as ECB's vice president Constancio said he doesn't expect the euro zone to slip into deflation."
""It is important to underline that we see no deflation prospects". Time will tell, and the first opportunity for the ECB to take preventative measures comes tomorrow at their policy meeting and press conference."
Key Quotes
"Euro zone inflation fell to the lowest level in almost five years last month at just 0.5% in March, below expectations, which will heap more pressure on the ECB which maintains that it does not yet prove a significant threat to the economy. The ECB's faith in their 'no deflation threat' mantra was restated yesterday as ECB's vice president Constancio said he doesn't expect the euro zone to slip into deflation."
""It is important to underline that we see no deflation prospects". Time will tell, and the first opportunity for the ECB to take preventative measures comes tomorrow at their policy meeting and press conference."