With inflation in Europe looking unlikely to go too much higher in 2017 the limitations to European Central Bank (ECB) policy are being exposes
This is an interesting bit of background reading for what so far has been a subdued Asian session
Its via Bloomberg (full piece is here)
- ECB's efforts to bring inflation close to 2 percent "without undue delay" are being curbed by hurdles to changing the parameters surrounding quantitative easing, fiscal inaction in the euro area and German inflation acting as a cap on peripheral price pressures
- The ECB's own 1.7 percent inflation forecast for 2019 is casting doubts on the goal of reaching 2 percent
- Particularly at a time when the euro zone's core harmonized measure of inflation is running at just 0.8 percent