A BMX rider jumps at a skater park in Frankfurt with the European Central Bank’s headquarters in the background. The ECB said core inflation was steady Thomas Lohnes/GettyThe European Central Bank, above, is on track to extend its stimulus next month despite a slight pick-up in inflation to a 28-month high in October. Minutes to last month’s policy meeting suggest the governing council was “fully determined” to extend the €1.74 trillion quantitative easing programme and adopt further measures, if needed, “to put inflation back on a sustainable path”. Official figures for the currency block showed inflation at 0.5 per cent, up from 0.4 per cent in September but well below the ECB’s 2 per cent target. Core inflation held steady at 0.8 per cent.

Source: The Times November 18, 2016 06:35 UTC