Inflation in the Eurozone Came as Expected

Inflation in the Eurozone Came as Expected Inflation in the Eurozone came as expected. Inflation decreased by 0.3 percent in October compared to the same period last year. The European Statistics Office (Eurostat) released the Eurozone inflation statistics for October. According to the announced data, the consumer price index decreased by 0.3 percent in October compared to the same period last year. On a monthly basis, the index increased by 0.2 percent. The results came true as economists had predicted. Economists who took part in the Bloomberg survey expected that inflation in the Eurozone would fall by 0.3 percent in October and rise by 0.2 percent on a monthly basis. Core inflation in the Eurozone also increased by 0.2 percent in October.   Incentive Expected from ECB At the last meeting of the European Central Bank (ECB), it was stated that inflation would remain negative until 2021, and it was signaled that incentives could be given for December. At the last meeting of the bank, it was stated in December that new macroeconomic projections would enable a reassessment of the economic outlook and risk balance. In the updated evaluation, it was stated that the European Central Bank (ECB) Governing Council will review the tools.   Source: Bloomberg HT