Crumbling energy prices, the Inflation in the Euro-Zone before the turn of the year, well below the target value of the European Central Bank (ECB) will decrease. The inflation rate fell in December to 1.6 from 1.9 percent in November, as the statistical office Eurostat on Friday in the estimation announced a Quickly. Economists had expected 1.8 percent. The ECB is aiming in the medium term, a value of “below, but close to two percent” as the ideal for the economy. Energy rose just 5.5 percent. In November, there were still 9.1 percent.
“The fall in the crude oil price takes the price increases noticeably air,” said Economist Alexander Krüger of the Bankhaus LAMPE. The inflation rate will probably be in the next few months more under the Two-percent mark: “The ECB is likely to drop a key interest rate turnaround in the autumn of of heavy.”
The monetary authorities to ECB chief Mario Draghi want to keep the zero interest rate until at least the summer. The Italians at the top of the Central Bank pointed out, among other things, to uncertainties with regard to geopolitical factors, the risk of protectionism, vulnerabilities in emerging countries and fluctuations in the financial markets.