#1 James Bradberry Jersey by gsnoopy520 20.03.2019 08:16

BRUSSELS Brian Dawkins Shirt , May 31 (Xinhua) -- The inflation in the 19-country eurozone was expected to be at minus 0.1 percent in May, official data showed on Tuesday, slightly up from the minus 0.2 percent in the previous month.

Looking at the main components of eurozone's inflation, services was expected to have the highest annual rate in May at 1 percent, followed by food Alshon Jeffery Shirt , alcohol and tobacco at 0.8 percent, said Eurostat, the statistics agency of the European Union.

Although the energy prices continued to drag inflation, the recent rise in oil prices during the month contributed to the upward momentum, according to the agency.

Core inflation Jordan Hicks Shirt , excluding energy, food, tobacco and alcohol, stood at 0.8 percent, up from 0.7 percent the previous month Nelson Agholor Shirt , data showed.

Economists argued that May's reading stood weaker than expectations but forecast the inflation to climb over in the coming months unless oil prices drop back sharply. The bloc was predicted to get out of deflation in the second half of this year.

The inflation in the single currency bloc unexpectedly fell into negative territory in February and stood at zero in March, raising concerns on the effectiveness of the bloc's stimulus efforts.

The bloc's central bank, which closely monitors the inflation index, is set to hold a governing council meeting in Vienna on Thursday. It is widely expected that the bank will keep monetary policy on hold as it still awaits the outcome of the latest round of stimulus measures unveiled in March.

On March 10, the European Central Bank (ECB) decided to implement further monetary stimulus measures including cutting the three key interest rates Sidney Jones Shirt , expanding its monthly purchase of assets by 20 billion euros (22.31 billion U.S. dollars) to 80 billion euros.

The bank also brought investment grade euro-denominated bonds issued by non-bank corporations into the asset purchase program, as well as conducted a new series of targeted longer-term refinancing operations.

It lowered the interest rate on the deposit facility by 10 basis points to minus 0.3 percent in December last year, a follow-up move after it launched a massive trillion-euro asset purchases program, dubbed as quantitative easing, at the start of last year in a bid to achieve the medium inflation target at "below Derek Barnett Shirt , but close to 2 percent."

Joshua Mahony, market analyst at IG, warned that the fact that eurozone remained within deflation was a clear heads up that monetary policy alone cannot fix the problem of stagnant price growth.

In a separate report, Eurostat said the jobless rate in the eurozone was 10.2 percent in April, the lowest since August 2011. In the wider 28-country EU Jay Ajayi Shirt , the unemployment rate was at 8.7 percent in April.

"The latest figures on eurozone inflation and unemployment maintained the picture of subdued

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