ECONOMICS COMMENTARY
Feb 06, 2014
ECB holds policy unchanged, in line with the signal from improving PMI survey
The European Central Bank left monetary policy unchanged at its February meeting. The lack of action disappointed many observers who were hoping to see the Central Bank tackle the threat of deflation. Inflation has fallen to 0.7%, its lowest since November 2009 and well below the ECB's target of below, but close to, 2%.
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