EUROZONE : ECB SEES INFLATION BELOW 2% FOR TWO YEARS, WILL ACT 'IF REQUIRED'.
Faced with the risk of deflation, the European Central Bank (ECB) decided, on 9 January, to keep its monetary policy on hold. The Governing Council left the ECB's key interest rates unchanged in its first meeting of 2014, and did not adopt additional measures to tackle the low rate of inflation in the eurozone. However, ECB President Mario Draghi emphasised in a press conference that the ECB is ready to take "decisive actions if required" to invigorate consumption and investment in the...
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