Inflation Rate: Inflation and Mario Draghi

inflation rate: December's consumer price data provided good news for the European Central Bank, which had struggled to push inflation back up toward its own target of an annual inflation rate of just below 2 percent, according to Deutsche Welle. Not yet there Under the current president of the ECB, Mario Draghi, the central bank has launched a series of monetary stimulus measures in the past few years aimed at fueling growth and heading off the threat of the eurozone stumbling into a period of deflation. The European Statistics Office, Eurostat, said Wednesday inflation now stood at its highest rate since September 2013, when it was also 1.1 percent. Watch video 01 37ShareECB reaches for the big guns Send Facebook Twitter Google Whatsapp if typeof WURFL 'object' if WURFL.is mobile && ! -1 WURFL.is mobile && ! -1 ; Tumblr linkedin stumble Digg reddit Newsvine Permalink http //dw/p/1IBJlECB reaches for the big guns March 2016 Some economists were quick Wednesday to rule out an early end to the ECB's loose monetary policy, which has included cutting the bank's refinancing rate to zero and launching a controversial bond-buying program. He pointed to the eurozone's core inflation rate, which explicitly excluded volatile items such as energy and food. Commerzbank economist Christoph Weil emphasized that December's inflation pickup was first and foremost attributable to the recent rise in energy prices. (news.financializer.com). As reported in the news.