Inflation in the eurozone has been setting records for months and is at its highest level since recordkeeping for the euro began in 1997
Euro weakened for a second consecutive day on Tuesday after European Central Bank President Christine Lagarde said there is no need for big monetary policy tightening in the euro zone
The euro was marginally weaker at $1.1296, after rising around 2% in the last three sessions on expectations of a hawkish shift from the ECB.
The program is expected to mobilize up to 300 billion euros (USD 341 billion) in public and private funds by 2027
Consumer prices rose 3%
The Bundesbank, Germany's central bank, has already warned that economic growth this year may be somewhat lower than the 3.7% it had forecast in June
When the coronavirus was spreading rapidly, governments imposed strict restrictions, encouraging citizens to stay at home and forcing much of the service industry to close.
German 10-year yields hover near six-week lows; Italy-Germany spread near tightest level in a month
The ECB next meets on June 10.
European manufacturers ramped up activity at the fastest monthly pace in PMI survey history but a spike in COVID-19 infections in some countries continued to disrupt supply chains
The core inflation drop reinforces calls by European Central Bank doves to maintain the stimulus to the economy
Euro zone industrial production was much higher than expected in November, data showed on Wednesday, thanks to a sharp rebound in the output of intermediate and capital goods.
The bloc's economy is on track for its first double-dip recession in nearly a decade as a second wave of the coronavirus sweeps across Europe, a Reuters poll suggested last week
The unemployment rate across the 19 countries that use the euro currency rose modestly to 7.9 per cent in July, official figures showed Tuesday.
Factories appear to be playing their part in the bloc's potential recovery
Lagarde said the actual outcome would be between the "medium and "severe" scenarios
For ordinary citizens, little changed until cash euros were introduced in 2002
The euro zone economy looks to have hit a speed bump in February after a stellar start to the year