The Traderszone Network

Published in TZ Latest News 27 May, 2014 by The TZ Newswire Staff

Euro zone inflation seen well below 2 percent in 2014-15: Nowotny

Inflation in the euro zone will likely stay “significantly” below the European Central Bank’s target this year and next, ECB Governing Council member Ewald Nowotny said in the Austrian National Bank’s annual report. “But over the medium term it is likely to align itself with the ECB’s objective of keeping inflation below but close to 2 percent,” he added in the report released on Tuesday.