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Sunday, 19 January 2014 - 18:26
Debate rages over deflation risks
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Ultra-low inflation in the eurozone has sparked a divide among officials and analysts over whether the risk of deflation is a real "troll" or just a phantom menace.

The head of the IMF, Christine Lagarde, warned this past week of the "rising risks" of deflation, which she called "the troll that must be fought decisively".

Data released this past week showed that the annual inflation rate in the 18-nation eurozone dipped to 0.8 percent in December, considerably below the European Central Bank's target of just below 2.0 percent.
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