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OECD sees no danger of deflation in euro zone

Published 07/01/2009, 08:19 AM
Updated 07/01/2009, 08:33 AM

LJUBLJANA, July 1 (Reuters) - The Organisation for Economic Cooperation and Development (OECD) said on Wednesday it saw no danger of deflation in the euro zone although prices fell into negative territory for the first time in June.

OECD's Secretary General Angel Gurria told a news conference during his visit to Slovenia he saw no deflation danger in the euro zone but added there is a possibility of a prolong period of negative prices in Japan.

"I don't see that people should be too worried about inflation I think we should focus on how to get back to growth," Gurria said.

(Reporting by Marja Novak; Editing by Ron Askew)

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