Euro zone price inflation stays low but stable in June

Euro zone inflation in June was flat, official data showed on Monday, easing immediate pressure on the European Central Bank to act again soon to tackle slow price rises. The year-on-year June inflation rate in the 18 countries sharing the euro stood at 0.5 percent for the second month in a row, the European Union's statistics office Eurostat said. It was the ninth straight month that inflation remained within what European Central Bank President Mario Draghi has called a "danger zone" of below 1 percent. Earlier this month, the ECB reacted to vanishing price inflation with a raft of measures, including cutting the deposit rate below zero and offering long-term loans to banks aimed at boosting lending to business.

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