Oct 31 Bulgaria 2 Report from London Nejra Cehic

The ECB noted a slight increase in eurozone inflation, rising to 0.4% from a five-year low of 0.3%. Despite not meeting its 2% target since 2013, ECB President Mario Draghi predicts low price gains in the coming months, with gradual increases expected in 2015 and 2016. The ECB has implemented unprecedented stimulus measures, including cutting interest rates, offering long-term loans, and purchasing private sector assets, but has not yet bought government bonds. These actions have shown some positive economic reactions, such as improved business confidence and increased factory activity. The ECB is expected to maintain its current benchmark and deposit rates in its upcoming policy meeting.

What is the ECB's inflation target?

How has business confidence and factory activity changed recently according to the text?