What to Watch: Lower Oil Prices May Hasten ECB, Stall BOE
Latest drop in oil prices means the widely expected rebound in inflation may not materialize in the months ahead
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Fresh oil price weakness has lowered the bar for further ECB easing while the BOE is now less likely to raise rates as soon as May, economists say.
Oil is down more than 30 percent from a year ago and analysts from BofA to Morgan Stanley say prices could fall to as low as $20.