European Central Bank Governing Council member Jens Weidmann: inflation in the Eurozone will rise later than previously expected

Market news

9 February 2016

European Central Bank Governing Council member Jens Weidmann: inflation in the Eurozone will rise later than previously expected

European Central Bank (ECB) Governing Council member Jens Weidmann said on Tuesday that inflation in the Eurozone will rise later than previously expected as oil prices continue to drop further. He added that inflation forecast for this year should be downgraded.

The ECB is scheduled to release its growth and inflation forecasts in March.

Weidmann also said that there are no signs for a hard landing in China.

Gold falls slightly despite a weaker U.S. dollar

Bank of England Deputy Governor Jon Cunliffe: the central bank should act sooner than later to manage the financial stability risks

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