NEW YORK (Reuters) – The decrease in euro area rising cost of living is a cause for problem, European Central Financial institution Exec Board member Benoit Coeure claimed on Thursday.

“Exactly what is additionally a concern of worry is a decline in heading inflation and core rising cost of living,” the ECB’s foreign agent mentioned to an audience of Commercial bankers, experts and economic experts at an occasion in New york city.

Euro zone annual inflation stood at 0.4 percent in October – far listed below the ECB’s medium term target of listed below yet near to 2 percent.

(Reporting By Daniel Bases, creating by John O’Donnell; modifying by Eva Taylor)

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