Eurozone inflation edges down.

Eurozone inflation declined to 0.8% in December from 0.9% in November and came in below consensus that was also 0.9%. The CPI figure remains well below the ECB's target of just under 2%, a trend that has sparked discussion about the threat of deflation in the eurozone. However, ECB President Mario Draghi is unworried, saying last week that there's no urgent need for another cut in interest rates.