Eurozone deflation decreased in February

Noam Stiekema

Eurozone deflation decreased in February 2015, after the 19 countries expected launch of the quantitative easing program of the European Central Bank (ECB) and this had an impact on the index. The prices in the Eurozone fell by 0.3% yoy in February, according to preliminary calculations of the statistical agency Eurostat. This is above expectations […]

Eurozone

EurozoneEurozone deflation decreased in February 2015, after the 19 countries expected launch of the quantitative easing program of the European Central Bank (ECB) and this had an impact on the index. The prices in the Eurozone fell by 0.3% yoy in February, according to preliminary calculations of the statistical agency Eurostat. This is above expectations for a decline of 0.4%. In December deflation returned in the Eurozone for the first time since 2009 and the prices fell by 0.2% yoy. In January, the decline was 0.6% yoy.

The data come the day on which the ECB is preparing to launch a program to buy government bonds worth 1 trillion EUR in an attempt to boost the economy of the Eurozone. On Monday, a spokesman for the ECB told, that there is not clear start date, but the program is expected to begin in March.

Although the decline in prices was largely due to the fall in world oil prices, which in turn reduces the cost of fuel, though there have been fears of so-called. deflationary spiral. In this situation, falling prices cause consumers to delay spending in anticipation of future further decline in prices, which some economists might harm the recovery of the Eurozone. Separately, Eurostat survey, also released on Monday showed that unemployment in the Eurozone fell to 11.2% in January to 11.4% in December.

The good news is added and the final production index PMI, which reached 51.0 points in February, unchanged from January. The value above 50 indicates growth in the sector.

Read this next

Digital Assets

DeFiChain tokenizes Walmart, Unilever, US Oil and Gas Funds

Bitcoin-based DeFi platform DeFiChain is opening up the opportunity for its users to trade crypto versions of Walmart, Unilever, US Oil Fund, and US Gas Fund.

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

Technology

Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

Digital Assets

Cboe becomes first major global exchange operator on DeFi data platform, Pyth Network

“Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Industry News

FINRA fines Barclays Capital $2 million for best execution failures for 5 years

FINRA has fined Barclays Capital $2 million for failing to comply with its best execution obligations in connection with its customers’ electronic equity orders between January 2014 and February 2019. 

Digital Assets

SETL helps SWIFT, CSDs and custodians develop common framework for tokenisation systems

London-based enterprise DLT and blockchain company SETL has delivered a pilot project for SWIFT which implemented a common framework linking tokenisation systems between central security depositories (CSDs) and global custodians.

Digital Assets

Crypto volumes hit CHF 87.1 million at Switzerland exchange

Switzerland’s principal exchange has experienced a rebound in trading activities for September 2022, with monthly volumes increasing by more than 20 percent MoM.

Digital Assets

Bitcoin Suisse Vault taps Polkadot governance features

Bitcoin Suisse has added support for Polkadot protocol governance on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault.

<