ECB will look though oil-fuelled inflation bounceStaff Writer | February 2, 2017
The European Central Bank (ECB) will look through the recent spike in inflation, which it mostly attributes to a stabilisation in oil prices, as growth in the price of other goods and services remains subdued.
Europe Changes in headline inflation
Is is repeating its January 18 policy message "The Governing Council will continue to look through changes in (headline) inflation if judged to be transient and to have no implication for the medium-term outlook for price stability." ■