Reported 12 months ago
Euro-zone inflation in June slowed to 2.5%, down from 2.6% in May, with core inflation remaining at 2.9%. After cutting interest rates in June, the European Central Bank awaits more data to determine if further cuts are needed. ECB President Christine Lagarde stated that uncertainties persist, hinting a pause on rate cuts until September. Policymakers anticipate one or two more cuts this year, with a focus on growth and inflation dynamics.
Source: YAHOO