You would expect low oil prices to be a welcome boost to economies struggling with low growth like the eurozone. But according to Morningstar, it could be adding to the woes of central bankers.

Jose Garcia Zarate, Senior Analyst & Economist, says the plunge in oil prices combined with the threat of deflation may make it harder for central banks to act to secure price stability. Jose Garcia Zarate, Senior Analyst & Economist, says the plunge in oil prices combined with the threat of deflation may make it harder for central banks to act to secure price stability. And that is why the markets are not rejoicing as much as could be expected - even if consumption is expected to rise and provide a much needed boost to the economy