Germany’s inflation rate has turned negative, for the first time since January.
The German consumer prices index fell by 0.2% year-on-year this month, according to new data from the Federal Statistics Office.
Analysts had expected the CPI to be unchanged; this negative reading could intensify calls for the European Central Bank to increase its QE programme.
The euro gave up 0.28% to trade at 1.1212 against the dollar.
Credit: mql5.com
Share this article with your friends.
Thank you for reading EURO DROPS AS GERMAN INFLATION RATE TURNS NEGATIVE AGAIN.
No comments:
Post a Comment