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International oil prices plunged in the eurozone inflation adjustment plan

Number of visits: Date:2016-04-05 10:49:44

According to the CBS website reported on January 20, the eurozone inflation rate has been falling in recent years, downside risks to the inflation outlook. Recently, the international crude oil prices plunged to a shadow over the euro zone countries. The European central bank (ECB) tried to plans to save the low inflation also frustrated, this is the weak of the euro zone economy is undoubtedly worse.
It is reported that since December 3, after the European central bank monetary policy meeting, brent crude fell below $28 a barrel for the first time recently (RMB 184). Affected by the slump in oil prices, the euro zone inflation sharply lower, 19 countries in the euro zone inflation rate from 0.2% in December fell to a negative value, far lower than the European central bank pushed inflation target of 2%.
In the face of inflation falling, in December last year the European central bank monetary policy meeting, 25 members of rate-setting committee agree, decided to bank reserve rate cut from 0.1% to 0.3%, and to extend the deadline of the implementation of quantitative easing until March 2017. Effect of these measures, however, is still lower than market expectations. At the same time, the European central bank last week, according to a report released in future whether to take further monetary stimulus, the European central bank insiders still have different opinions.
According to the report, from 21, the new round of the European central bank monetary policy meeting, the European central bank is clearly still wait-and-see attitude. For if we need to further strengthen monetary stimulus, the European central bank should also consider slump in oil prices to the influence of deflation period from the eurozone.
, Germany, sal oppenheim, a bank economist ur rick karsten says: "we think that if the European central bank measures too rapidly, not only will lead to the discussion of the central bank policy into monetary activism, still can make positive influence brought by the central bank asset purchases policy."
 

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