STOCK MARKET WATCH - Wednesday, 1 February 2012

[Ghost Dog]

41. Eurozone Inflation Unchanged At 2.7%

VIENNA (dpa-AFX) - Eurozone inflation remained unchanged in January, raising expectations for another rate cut from the European Central Bank. Inflation held steady as expected at 2.7 percent, preliminary data from Eurostat showed Wednesday. The breakdown of consumer price figures will be released on February 29. Although inflation slowed from a three-year high seen in November, it stays above the central bank's target of 'below, but close to 2 percent' since December 2010...

... Meanwhile, inflation slowed in Spain to 2 percent from 2.4 percent in December...

... Elsewhere today, the latest bank lending survey from the European Central Bank indicated that euro area banks are set to tighten credit standards in the first quarter, albeit at a slower pace than in the final three months of 2011. For the first quarter of 2012, banks expect a sizeable drop in the net demand for housing loans, while the decline in net demand for consumer credit is expected to remain unchanged...

/... http://www.finanznachrichten.de/nachrichten-2012-02/22592964-eurozone-inflation-unchanged-at-2-7-020.htm

So, UK consumer price inflation is running at about twice the Eurozone rate.