ECB official Fabio Panetta says Chinese imports helped drive sharper than forecast inflation drop
ECB official Fabio Panetta says cheap Chinese imports are driving a sharp drop in inflation. He urged a flexible policy approach before March projections.
Fabio Panetta, a member of the European Central Bank Governing Council, stated on Saturday that higher-volume and lower-priced imports from China 
CN have helped drive a sharper-than-forecast decline in euro zone inflation. Speaking at the Assiom-Forex financial conference, Panetta indicated that this development is a significant factor currently bearing on upcoming monetary policy decisions by the European Central Bank (ECB).
CN have helped drive a sharper-than-forecast decline in euro zone inflation. Speaking at the Assiom-Forex financial conference, Panetta indicated that this development is a significant factor currently bearing on upcoming monetary policy decisions by the European Central Bank (ECB).
