Eurozone inflation bottoming out - ING

FXStreet (Barcelona) - Peter Vanden Houte of ING, views that eurozone headline inflation might turn positive in H2 15 as oil prices rebound from its lows.

Key Quotes

“Inflation in the Eurozone is probably bottoming out. The flash estimate for HICP inflation in February came out at -0.3%, after -0.6% in January.”

“With oil prices now off lows, headline inflation is expected to turn positive again in the second half of the year, although underlying inflation remains low for the time being at 0.7%.”