The European Central Bank (ECB) is due to announce a further easing of monetary policy in December to avoid the risk of deflation in the euro zoneOscar Arce, chief economist at the Spanish central bank, said in an interview in Madrid on Tuesday night.
Key Comments (via Bloomberg):
“We know that to ensure that risk does not materialize, we must act quickly and forcefully“.
“The prospect of an entrenched price decline stalks the entire monetary bloc and not just Spain“.
“We are seeing a increase in the share of goods whose prices are rising very little or falling, which is an indication of the risk. ”
.
Credits: Forex Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
