Euro Area Core Inflation Hits All-Time Low

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Unprecedented low inflation hit the Euro area during the coronavirus crisis and the ECB is facing tough times. The core inflation, the favorite metric for the central bank to measure the change in prices, fell to 0.4% on 0.9% expectations.
It threatens to break below zero into deflation territory, should the ECB not do anything. But what is it supposed to do when the deposit facility rate is already below zero for many years now,…

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