Reported about 11 hours ago
Eurozone inflation slightly decreased in February, contributing to a stronger case for an upcoming European Central Bank (ECB) interest rate cut. Consumer price inflation fell to 2.4%, just above forecasts, while the core inflation, excluding food and energy, slowed to 2.6%. The ECB is expected to continue cutting rates to support the economy amid stagnation and weak consumer confidence, with some policymakers concerned about the persistently high services inflation. Upcoming rate cuts are anticipated as the ECB adjusts its growth forecasts due to ongoing economic challenges.
Source: YAHOO