European Central Bank

European Central Bank: BRUSSELS - Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate. , according to Reuters. Prices of electricity, fruit and vegetables lifted annual inflation in the currency bloc to 1.4 percent in May compared to 1.2 percent in April, the EU statistic agency Eurostat said, confirming preliminary estimates. By Martin Santa The central bank expects economic recovery in the euro area to kick in later this year, but sees risks to growth from governments' continued austerity programs and as companies struggle to access credit from banks. (www.immigrantscanada.com). As reported in the news.