Why January Is Cruelest Month in Draghi Fight Against Deflation
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Europe’s slide toward deflation couldn’t have happened at a worse time of year for Mario Draghi.
The 0.2 percent December decline in euro-area consumer prices would have been bad in any month, but it’s especially difficult for monetary policy makers to start the new year that way, according to Marchel Alexandrovich, an economist at Jefferies International Ltd. in London.