Economics

ECB Hits Fifth Anniversary of QE Puzzled by Inflation Gap

ECB plans to announce review on Thursday after two-day meeting
Globalization, technology and labor laws may be curbing prices

Christine Lagarde
Photographer: Alex Kraus/Bloomberg

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By Piotr Skolimowski

January 22, 2020 at 5:00 AM UTC

Updated on

January 22, 2020 at 2:00 PM UTC

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Five years to the day since the European Central Bank announced massive cash injections to stave off deflation, President Christine Lagarde wants to know why price growth is still so lackluster.