Analysts said the euro area inflation rate slightly wounded fall, will the European Central Bank recently cut its main interest rate again to pave the way. A number of international organizations have recently predicted that the euro-zone economic growth will slow in 2012, and may even fall into recession. European Central Bank last month predicted that in 2012 the euro-zone economy there are downside risks to growth will be negative 0.4% to 1%.
European Central Bank on December 8, 2012 the euro area average inflation rate of 2% in 2013 dropped to 1.5%. EBRD estimates that the average consumer price index expected to rise 2.7%.
By the debt crisis, the euro-zone economy to the brink of recession, businesses face greater pressure to cut prices to stimulate consumer demand. Twice within two months of last year, the European Central Bank cut its benchmark interest rate, governor Drudge (MarioDraghi,) said that the wide range of balance, the outlook for inflation risk.
To preliminary data released by Eurostat show that in December last year, the euro area inflation rate was 2.8%, 3% lower than the previous three months, four months to fall for the first time.
This is the rate of inflation in the eurozone the 12th consecutive month above the 2% of the warning line set by the European Central Bank to maintain price stability.
Stimulate growth prospects increasingly gloomy euro zone economy, the ECB continued to drop the leading euro-zone interest rates. On December 8 last year, the ECB decided in November last year, down 0.25 percentage points on the basis of then leading euro-zone interest rates cut by 0 World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor .25 percentage point to 1 percent.
Royal Bank of Scotland (RoyalBankofScotland) economist NickMatthews in London, said that "the overall economic environment, it is difficult to see from the power of the domestic price pressures. Before the end of the first quarter of this year, the euro area inflation rate may be closer to 2%.
Monthly Economic Report released last December by the European Central Bank pointed out that the high energy and commodity prices is the main reason for the inflation rate remained at a high level. The report said that the debt crisis to the impact of the euro zone economic growth, the 2012 euro-zone inflationary pressures are expected to be eased. Eurozone inflation rate in the coming months will remain at levels above 2%, then dropped to below 2% World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor .
According to a survey of 66 economists, 56 economists believe the ECB will be announced on Thursday (the 12th) left interest rates unchanged. European Central Bank expected to cut interest rates by 75 basis points in February fire in March.