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Euro zone inflation rises to 2.1pc in September

Inflation in the eurozone rose above the target level of the European Central Bank, data showed on Friday, heaping further pressure on the ECB to scale back its crisis-era stimulus.

Eurostat said consumer prices in the 19-country single currency bloc edged higher to 2.1 percent in September, just higher than the ECB's target of near or lower than two percent. However, closely watched core inflation -- which strips out energy, food, alcohol and tobacco -- fell to 0.9 percent in September, from 1.0 percent in the previous month.

The ECB is firmly under pressure to end its stimulus programme that is blamed for imposing a long period of low interest rates that has punished savers and failed to boost growth to desired levels.

Introduced in 2015, the mass bond-buying scheme currently sees the bank buy 30 billion euros ($35.1 billion) of government and corporate bonds per month, aiming to pump cash through the financial system to stoke lending, economic growth and inflation.

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Euro zone inflation rises to 2.1pc in September

Inflation in the eurozone rose above the target level of the European Central Bank, data showed on Friday, heaping further pressure on the ECB to scale back its crisis-era stimulus.

Eurostat said consumer prices in the 19-country single currency bloc edged higher to 2.1 percent in September, just higher than the ECB's target of near or lower than two percent. However, closely watched core inflation -- which strips out energy, food, alcohol and tobacco -- fell to 0.9 percent in September, from 1.0 percent in the previous month.

The ECB is firmly under pressure to end its stimulus programme that is blamed for imposing a long period of low interest rates that has punished savers and failed to boost growth to desired levels.

Introduced in 2015, the mass bond-buying scheme currently sees the bank buy 30 billion euros ($35.1 billion) of government and corporate bonds per month, aiming to pump cash through the financial system to stoke lending, economic growth and inflation.

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প্রবাসীদের সহযোগিতায় দেশের অর্থনীতি আবার ঘুরে দাঁড়িয়েছে: প্রধান উপদেষ্টা

প্রবাসীদের সহযোগিতার কারণে বাংলাদেশের ভঙ্গুর অর্থনীতি আবার ঘুরে দাঁড়াতে সক্ষম হয়েছে বলে মন্তব্য করেছেন প্রধান উপদেষ্টা অধ্যাপক ড. মুহাম্মদ ইউনূস।

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