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"We have a very low inflation environment right now, largely due to oil prices," he said.
"In the current context, it is crucial to ensure that the very low inflation environment does not become entrenched," Mr. Draghi said.
In addition, we question the viability of the established development model for new housing in a stubbornly high cost and low inflation environment".
But since the first part of 2012, inflation measures have been coming back down, so now we're back in a low inflation environment, lower than i expected.
This is especially relevant in a low inflation environment.
Katrina Ell, an economist at Moody's Analytics, said Australia's low inflation environment, coupled with the global wave of policy easing also drove the cut.
Similar(52)
In the long term, a system which bases performance rewards on bonuses and base pay adjustments on skill acquisition is likely to be effective in both high and low inflation environments.
In a low-inflation environment, a growth pact makes sense.
In a low-inflation environment, expectations of economic growth have become the main driver of the markets.
The reading shows that the Fed has a low-inflation environment in which to operate, should it decide to cut short-term interest rates to bolster the economy.
Australia could become mired in a low-wage, low-inflation environment if incomes keep growing at near record-low levels, the Reserve Bank governor has warned.
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