Economics
Euro-Area Inflation Downgrade Backs ECB's Ultra-Slow Exit
- Euro-area inflation rate is the weakest since the end of 2016
- ECB’s Praet says economic slack may be greater than thought
Draghi Says ECB Policy Must Be Patient, Persistent, Prudent
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Investors primed for the European Central Bank’s next policy shift were given clear signals on Friday that any change is far from imminent.
An unexpected downward revision to euro-area inflation and a softening in labor costs came just hours after ECB chief economist Peter Praet opposed any early tweaking of the institution’s language on stimulus. He said policy makers have been surprised by an influx of new workers that could be suppressing wage and price pressures.