Reported 9 months ago
French inflation slowed down ahead of the elections, marking a slight decrease and supporting the European Central Bank’s decision to reduce interest rates. The inflation rate in France rose 2.5% in June, slightly lower than the previous month, while Spain also experienced a moderation in price gains. The ECB is hesitant to determine a clear monetary policy path due to uncertainties, and investors are anticipating further rate cuts in 2024. The cost of living remains a significant issue in the upcoming elections, impacting consumer confidence and driving concerns over policy changes.
Source: YAHOO