Euro inflation
Tuesday, October 31, 2006
The European Union has the world's largest economy, larger than the United States of America according to the International Monetary Fund.
But Europe is still behind US in term of economic growth and unemployment.
The European Central Bank(ECB) rate policy settings may be too tight, but at least these low figures can make the lower economic growth seem better.
Euro inflation continues to cool
Lower oil costs helped push headline eurozone inflation down to 1.6% in October, official data shows.
Annual inflation for the 12 nations using the euro fell from 1.7% in September, the EU Eurostat agency said.
The European Central Bank (ECB) has set a 2% inflation comfort zone and raised benchmark interest rates to 3.25% this month to tackle rising consumer prices.
Check the rest of the article at BBC News
posted by IntoBlogs @ 4:10 PM,
