Rounding off the end of last week, euro zone inflation for August was confirmed at 0.3 percent, down from July’s surprisingly weak reading of 0.4 percent — way below the ECB’s target of just under 2 percent and well within the European Central Bank’s “danger zone” of under 1 percent.
This week is an important one for the markets. The ECB meets on Thursday and investors are still betting on whether the bank president Mario Draghi will roll out further stimulus measures.
Just over a week ago, Draghi spoke at the annual Jackson Hole Symposium, indicating that the euro zone’s central bank might act on Thursday…all depending on the region’s inflation data.
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