OECD Warns Euro Area of Higher Deflation Risks

BRUSSELS--Deflation risks in the euro area have risen and the European Central Bank should keep its interest rates at near zero over the medium term to tackle them, the Organization for Economic Cooperation and Development said in a report Thursday.

German unemployment falls by more than expected in March

German unemployment fell by more than expected in March as the economy was boosted by the mild winter weather.

UK mortgage lending falls in February

Mortgage lending saw a surprise decline in February but credit conditions brightened for Britain’s smaller businesses, Bank of England figures showed today.

Euro zone inflation drops to lowest since 2009

(Reuters) - Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc.

Spain Falls Into Deflation, Upping Pressure On ECB

MADRID (AP) — Spain's inflation rate dipped into negative territory this month, official data showed Friday, a development likely to add pressure on the European Central Bank to ease its monetary policies.