Lack of demand means falling Eurozone inflation is not a cause for celebration
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation has reached joint-lowest point since April 2021. Disinflationary trend caused by lack of demand in economy. Monetary policy to remain stable, reducing uncertainty for businesses. Eurozone inflation dropped to 1.7% in January, below the European Central Bank’s medium-term target…