Eurozone Inflation at 2.8%: Will It Be Enough for the ECB to Pause?

Eurozone inflation at 2.8%: Will it be enough for the ECB to pause?

Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.

Euro Focuses on the ECB - ActionForex

The rise in consumer prices in the eurozone from 1.9% in February to 3.2% in May prompted the ECB to raise its deposit rate by a quarter point to 2.25% at its previous meeting. However, in June, the CPI slowed to 2.8%, providing a reason to pause the tightening cycle. Nevertheless, according to Governing Council member Yannis Stournaras, the resurgence of conflict in the Middle East has brought the European Central Bank back to the forefront in …

A more relaxed ECB in the wake of the CPI figures

The Corner Intermoney Report Most central bank decisions in the coming week, including those of the European Central Bank, are likely to be limited to keeping interest rates unchanged. Lower inflation in the eurozone has reduced the urgency for a further rate rise by our central bank. In China, Chinese commercial banks appear set to keep preferential interest rates unchanged at least until the end of the third quarter. However, the Bank...