Economics
Euro-Area Inflation Eases as ECB Nears End of Bond Buying
- Consumer prices rise annual 2%; core inflation slips to 1%
- One of last major reports before ECB considers new forecasts
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Euro-area inflation eased off a six-year high and core inflation slipped just as the European Central Bank gets ready to pare back monetary stimulus.
The data add to signs that the 19-nation economy is facing a more protracted slowdown after growth halved in the third quarter. While analysts have questioned whether the weaker momentum could force a policy rethink, ECB President Mario Draghi and his peers have stuck to their plans to cap quantitative easing at 2.6 trillion euros ($3 trillion) at the end of the year.