Euro-region economic reports in the past month turned out reassuring enough to convince most economists that Mario Draghi doesn't need to cut interest rates...

Euro-region economic reports in the past month turned out reassuring enough to convince most economists that Mario Draghi doesn't need to cut interest rates this week. Draghi last week reiterated his stance that the ECB remains alert to risks from low inflation and stands ready to act. Data in the past week showed inflation held at 0.8 percent so far this year, exceeding both an initial estimate for January and economist forecasts for February. It remains at less than half the 2 percent level the ECB uses to define price stability. Some growth indicators have shown improvement in the past month. Gross domestic product climbed 0.3 percent in the fourth quarter, exceeding economist estimates. Euro-area economic confidence unexpectedly rose in February, while in Germany, business confidence reached the strongest level in 2 1/2 years. Read More: (VIEW LINK)


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