Euro zone inflation for August comes in at 0.2%, unchanged from July

August 31, 2015 10:07 AM

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Euro zone inflation for August comes in at 0.2%, unchanged from July

The latest figures are a far cry from the 2 percent inflation target set by the European Central Bank (ECB) and is likely to provide further impetus for the bank to continue its 1 trillion euro ($1.1 trillion) asset purchasing program.

BNP Paribas analyst, Dominique Barbet, said that the latest figures were unlikely to cause the ECB to change policy, adding that the bank should instead focus on the impact of the rout that sent global stocks plummeting last week.

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