Reported about 10 hours ago
Inflation in Europe decreased to 2.4% in February, supporting the likelihood of an interest rate cut by the European Central Bank. This reduction from 2.5% in January, primarily due to declining energy prices and modest growth in major economies like France, suggests the ECB may lower its benchmark rate to 2.5%. Analysts had already anticipated a rate cut, and the latest data strengthens this view. Concerns about economic growth persist, particularly as the eurozone stagnated in late 2024 amid cautious consumer spending and political uncertainties in member countries.
Source: YAHOO