Reported 4 months ago
In April, consumer inflation expectations in the euro zone decreased, as reported by the European Central Bank, indicating a potential interest rate cut in the upcoming week. The inflation forecast for the next 12 months dropped to 2.9% from 3% in March, the lowest level since September 2021, while the three-year gauge fell to 2.4% from 2.5%. Some officials are considering multiple rate cuts, with France's Francois Villeroy de Galhau suggesting cuts in both June and July. Analysts predict a slight rise in price growth to 2.5% in May, with the ECB closely monitoring wages, company profits, and productivity for disinflationary trends.
Source: YAHOO