Figures Underline the Scale of the Challenge Facing the ECB
The Wall Street Journal
By PAUL HANNON And TODD BUELL CONNECT
Updated June 30, 2014 6:38 a.m. ET
The euro zone's annual rate of inflation was unchanged in June, stuck at its lowest level in more than four years, while bank lending to households and businesses declined in May.
The ECB took steps on June 5 designed to stave off the threat of dangerously low inflation in
Europe, including cutting a key
interest rate below zero for the first time to get banks to lend more to