Reported 1 day ago
Euro-area inflation has accelerated to 2.4% in December, up from 2.2% in November, primarily due to rising energy costs. Despite this rebound, the European Central Bank (ECB) is expected to continue its gradual interest rate cuts, aiming to reach its 2% target by year-end. Core inflation stands at 2.7%, with price growth in the service sector at 4%. The ECB anticipates that inflation dynamics will remain complicated but believes that ongoing disinflation will allow for continued rate easing throughout the year.
Source: YAHOO