In November, the annual price growth was just 0.3%, while the recent collapse in oil prices will generate further downward pressure in the coming months. Even more important, inflation expectations have started to de-anchor: forecasters and investors expect the undershooting of the target to persist over the medium term.
在表面上看，欧洲央行拥有许多启动量化宽松的理由。近两年以来，欧元区的通胀一直未能达到2%的目标。在十一月，年度价格增幅为0.3%，而最近的油价大跌将在未来几个月带来更进一步的下行压力。而更重要的是通胀预期已经开始动摇。经济预测专家和投资者们都预期这种无法达到目标的状况将一直维持到中期。