Friday, April 5, 2013

ECB's Coere sees euro zone inflation straying off course....Was it ever on course?

The European Central Bank will monitor euro zone inflation carefully over the next 18 months, ECB Executive Board member Benoit Coeure said on Friday as it threatened to sink further below a 2 percent target.

Euro zone inflation slipped in March for a third straight month to an annual rate of 1.7 percent, versus the ECB's goal of close to, but not above, 2 percent. ECB chief Mario Draghi said this week the bank stood ready to act to boost the stalled economy.