Europe’s inflation fell to 2.4% in February. How analysts expect the Central Bank to respond

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Inflation Eases To 2.4% In Europe, Supporting Likely Central Bank Rate Cut

Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank – but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use the euro currency was down from 2.5% in January as energy inflation dwindled and major economy France saw a rate of onl…

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Europe’s inflation fell to 2.4% in February. How analysts expect the Central Bank to respond

Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank—but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth.The February figure for the 20 countries that use the euro currency was down from 2.5% in January as energy inflation dwindled and major economy France saw a rate of only 0…

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18:19 Eurozone inflation fell for the first time in five months in February, prompting the European Central Bank to cut interest rates further on Thursday.

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Annual consumer price inflation slowed to 2.4% in February from 2.5% in January, while core inflation fell to 2.6% from 2.7%.

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Eurozone Inflation Will Not Prevent ECB Easing - Action Forex

Eurozone inflation may have exceeded expectations, but it has slowed from the previous month. This allows the European Central Bank (ECB) to consider cutting its key interest rate later this week, though a more cautious approach may be required moving forward. The headline CPI declined to 2.4%, down from a peak of 2.5%, yet remains […] The post Eurozone Inflation Will Not Prevent ECB Easing appeared first on Action Forex.

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Closely watched inflation in the services sector, which has proven stable in recent months, also eased, reaching 3.7 percent in February, compared to 3.9 percent recorded in January.