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Missed inflation target means ECB unlikely to change cheap money policy soon.
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The final inflation figures for 2017 are in for the Eurozone, indicating a core rate of 1,1% year on year. It was a slight deceleration to end the year, expected by analysts, and it is likely to mean the ECB will continue its cheap money policy well after its mooted September cessation of bond buying.
With rates so low while growth is strong there are worries about what policy can be appliedif the economy turns bad, but inflation is still well below the 2% target, even if Germany bucked the eurozone trend by recording a 1,6% rise in inflation in 2017.
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