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, the Bank of England and the Bank of Japan respond. “Just as oil prices had become increasingly stable, we reckon the risk for an oil price spike is now the highest since the global crisis,†said Christian Keller, an economist at Barclays. “We think a further price spike of 10 to 15 percent from here is not implausible,†he said. Until now, falling energy prices have partly been responsible for the euro zone’s low level of consumer price inflation, which the ECB considers to be in its “danger zoneâ€. A rise in the inflation rate would be welcome but economists and the International Monetary Fund believe the ECB still needs to consider US-style money printing to support the bloc.