The Eurozone inflation issue may be best tackled by quantative easing, according to the Managing Director of the International Monetary Fund. Christine Lagarde says the European Central Bank should consider the move if low inflation in the single-currency countries of Europe stays at its current low. Consumer spending in the Eurozone is well below the ECB’s 2 per cent target, at just 0.5 per cent. The Bank has resisted QE so far but says it is ready to do so if necessary. Ms Lagarde says that job creation, national debts and geopolitical unrest are the three main challenges facing the global economy. Read the full story.
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