Eurozone’s underlying inflation remains anemic
BRUSSELS (Reuters) – Underlying inflation in the eurozone will remain weak for years to come, a survey showed yesterday, suggesting that the European Central Bank is still far from scaling back its unprecedented stimulus measures. Underlying inflation, a key measure watched by the ECB, is seen rising to just 1.1 percent this year, barely half of the bank’s inflation objec-
More registered jobless. The number of unemployed registered with the Manpower Organization (OAED) increased by 24,991 last month compared to December 2015 to reach 1,047,661, while the long-term unemployed (out of work for at least 12 months) numbered 452,641, OAED data showed.