Eurozone annual inflation fell to 1.4% in June 2010; ECB ends covered bonds purchase programme
Jun 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone annual inflation fell to 1.4% in June 2010 compared with the European Central Bank's (ECB) target rate of "below but close to" 2%. The June rate is a flash estimate issued by Eurostat, the statistics office of the European Union. It was 1.6% in May. Separately, the ECB announced today that its covered bonds purchase programme has ended. It was a limited form of so-called 'quantitative easing' - - a term for what is a mechanism for increasing money in circulation, that is commonly called 'printing money.'