{"id":4585,"date":"2016-09-15T11:46:36","date_gmt":"2016-09-15T11:46:36","guid":{"rendered":"https:\/\/oradeo.com\/?p=4585"},"modified":"2016-09-15T11:46:36","modified_gmt":"2016-09-15T11:46:36","slug":"inflation-remains-at-1-6-in-the-euro-area","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2016\/09\/15\/inflation-remains-at-1-6-in-the-euro-area\/","title":{"rendered":"Inflation remains at 1.6% in the euro area"},"content":{"rendered":"<h2><\/h2>\n<p><em>Bloomberg.com<\/em>\u00a0&#8211;\u00a0<em>31\/07\/13<\/em><br \/>\nThe European Union statistics office announced on Wednesday that the annual inflation rate for the euro area was 1.6% in July 2013, the same figure that was recorded the month previous. As a result of the inflation rate holding steady for two months, the European Central Bank has been given the leeway to loosen their monetary policy on the euro-area\u2019s 17-nation countries. July is the sixth straight month that the inflation rate has been below the ECB\u2019s 2% ceiling, much in line with what the majority of economists have forecast.<\/p>\n<p>After their last policy meeting, the ECB\u2019s President Mario Draghi pledged to keep interest rates low for an extended period during a time of low inflation, weak credit flows and a subdued economic outlook. According to their forecasts in June, the ECB are expecting that the euro-area\u2019s economy will contract by 0.6% in 2013 but are forecasting economic growth of 1.1% in 2014.\u00a0<a title=\"Read More\" href=\"http:\/\/www.bloomberg.com\/news\/2013-07-31\/euro-area-july-inflation-holds-at-1-6-as-recession-lingers.html\" target=\"_blank\"><b>Read More<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg.com\u00a0&#8211;\u00a031\/07\/13 The European Union statistics office announced on Wednesday that the annual inflation rate for the euro area was 1.6% in July 2013, the same figure that was recorded the&#8230;<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation remains at 1.6% in the euro area | Oradeo<\/title>\n<meta name=\"description\" content=\"| Inflation remains at 1.6% in the euro area\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oradeo.com\/2016\/09\/15\/inflation-remains-at-1-6-in-the-euro-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta 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