ECB official says inflation 'clearly' below target

Inflation in the eurozone is "clearly" below target, a European Central Bank board member said Thursday, as markets speculate over the chances of further action to boost economic activity in the region. Eurozone inflation fell to negative 0.1 percent in September, feeding concerns over the risk of a deflationary spiral in which consumers delay purchases in the hope of lower prices, in turn prompting companies to hold off investment and hiring. "One has to say that we're clearly missing our (infl