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Saturday, January 03, 2015, Poush 20, 1421, Robiul Awal 11, 1436 Hijr

Draghi says price risks rising in eurozone
Published : Saturday, 3 January, 2015,  Time : 12:00 AM,  View Count : 5

BERLIN, Jan 2: The eurozone faces a growing risk of unstable prices, the head of the European Central Bank said in an interview published Friday, at a time when concerns are mounting the bloc could slip into deflation.
"The risk that we do not fulfil our mandate of price stability is higher than six months ago," ECB chief Mario Draghi was quoted as saying by German financial newspaper Handelsblatt.
Eurozone inflation slipped to 0.3 per cent in November, an alarmingly low level that the ECB warned could drop even further this year due to a slump in oil prices.
The slowdown has stoked fears the single-currency bloc could even fall into deflation, a dangerous downward spiral of falling prices that can strangle economic growth and drain government coffers.
Draghi said the risk of deflation was "limited" but said the European Central Bank's governing council was "unanimous" that the bank would intervene to stabilise prices if necessary.
"We are in technical preparations to adjust the size, speed and compositions of our measures in early 2015, should it become necessary to react to too long a period of low inflation," he said.    ?AFP

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