Low inflation a key concern for central banks

  • by Ahmed Mamdouh
  • April 10, 2019, 14:27 AM
  • 218 Views
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The low inflation is one of the key challenges facing central bankers in 2019, amid the undergoing signs of slowdown in global growth.

Sluggish price growth is “one of the major challenges of our time,” said Federal Reserve chief Jerome Powell, the Fed and other major central banks suffer to build a sustainable price growth.

Later in the day, the European Central Bank will probably hold interest rates at its record low, where policymakers will probably hold the rate for long time until making sure that inflation is running its 2 percent target.

At the same time today, the U.S. consumer prices may signal a 0.2 percent increase in March, while the core reading could record a 0.2 percent soar.

As of 10:22 GMT, the euro traded higher for a third straight session at $1.1274 after hovering near its highest level in two weeks on Tuesday.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at Ofeed.com, with 11 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from the American University in Cairo and a Bachelor Degree in Economics from the Faculty of Economics and Political Science, Cairo University.

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