ECB’s Centeno: Inflation is getting close to the 2% target

• European economy is facing stagnation
• That is the price we pay to fight inflation

Just some token remarks there by Centeno in general. There is a slight nod in leaning towards saying that they are getting close to achieving their inflation target. But that seems to be the case as they’re faced with a further slowdown in economic conditions, so as to justify further rate cuts. For now, carry on as you will.

This article was written by Justin Low at www.forexlive.com.