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Low Eurozone Inflation Proves How Helpless Central Banks Are
The European Central Bank (ECB) is loath to admit it, but it has no control over the Eurozone inflation rate.
According to official data released this morning (Monday), Eurozone inflation in August was unchanged at 0.2%.
That's far below the 2% inflation rate target sought by the ECB. And it shows just how ineffective the central bank's unprecedented monetary stimulus program has been.
The European Central Bank (ECB) is loath to admit it, but it has no control over the Eurozone inflation rate.
According to official data released this morning (Monday), Eurozone inflation in August was unchanged at 0.2%.
That's far below the 2% inflation rate target sought by the ECB. And it shows just how ineffective the central bank's unprecedented monetary stimulus program has been.