Deflation woes reignite pressure on Draghi

Canary Wharf

 “The burden of deflationary pressure grew on the ECB this morning as recent monetary policy action appears to not have filtered down into the bloc state. Inflation dropped below forecasts to -0.2% (y/y) in the same month Draghi’s increase in Quantitative Easing commenced – not signalling the start he would have hoped for.

Alex Lydall quoted in The Telegraph

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