There is "no clear upward trend" in most measures of eurozone inflation, the European Central Bank (ECB) says in its latest quarterly economic bulletin.

Eurozone inflation rates are "likely to be negative" in the coming months, before recovering in the second half of the year, it notes. This is mostly due to strong falls in year-on-year energy prices, but not entirely.

Domestic price pressures have been subdued, according to the central bank. Market-based measures of inflation expectations "have