The European Central Bank will be holding its monetary policy meeting later today in Frankfurt. The meeting will be crucial, considering that the ECB President Mario Draghi hinted at further easing a month ago. The monetary policy meeting comes on the back of the inflation data for June. Latest eurozone economic data revealed that consumer prices rose higher than expected. On a year over year basis in June, consumer prices grew 1.3%. Despite the gains, this was still off the ECB’s 2.0% inflation target rate. Core inflation rate also grew modestly but still remains far off from the ECB’s inflation target rate. Heading ... (full story)