The euro-zone’s latest bout of deflation is likely to prove fairly short-lived. But the medium-term inflation outlook is far too weak for the ECB’s comfort and the threat of a deflationary spiral is real. The Governing Council must deliver further bold policy loosening at its March 10th policy meeting.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.