European Central Bank (ECB) Governing Council member Josef Bonnici: low oil prices have positive and negative effects

Market news

12 January 2016

European Central Bank (ECB) Governing Council member Josef Bonnici: low oil prices have positive and negative effects

European Central Bank (ECB) Governing Council member Josef Bonnici said on Tuesday that low oil prices have positive and negative effects.

"The oil price fall has some positive impacts through raising the purchasing power of euro zone households, he said.

"There is also an impact on inflation, not in the desired direction," Bonnici added.

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