Inflation has slid again in Europe. What that means for interest rates
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team Inflation in Europe has decreased to 2.4% in March, according to the annual figure for the 20 countries that use the euro currency. This is seen as welcome news for consumers as food prices have decreased. The European Central Bank is expected to achieve its goal of 2% inflation, which analysts say keeps the ECB on track for an interest rate cut in June. The pressure is on the ECB to reduce borrowing costs as the economy fails to grow.
Published : 4 weeks ago by in Finance
FRANKFURT, Germany (AP) — Inflation has fallen again in Europe, to 2.4% in March. It’s welcome news for consumers since spikes in food prices have eased. The annual figure for the 20 countries that use the euro currency has come in below what financial markets expected and marks a decline from 2.6% in February. The figures released Wednesday mean the European Central Bank is getting closer to achieving its goal of 2% inflation. Analysts say the decline keeps the ECB on track for an interest rate cut in June. The pressure is on to reduce borrowing costs because the economy is failing to grow.
Topics: Markets, Inflation