Fears of deflation have eased since the beginning of the year as oil prices have rebounded and global growth has stabilised. However, the appreciation of the euro and yen and continued weakness of domestic price pressures suggest that the chances of the ECB and BoJ meeting their 2% inflation targets on a sustained basis have actually diminished over the past few months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.