1 hour ago
De Guindos of the ECB: inflation in the euro area is gradually declining
During an interview with the radio station Onda Cero, Luis de Guindos, Vice President of the European Central Bank (ECB), stated that inflation in the services sector is slowing down. Highlighting this positive trend, he emphasized that a continued decline in this sector will be crucial to achieving the ECB's 2% inflation target.
According to ECB forecasts, the 2% price growth target is expected to be met in the first quarter of 2025. As reported by Bloomberg, regulators cite relatively favorable dynamics, despite ongoing geopolitical uncertainty.
Recent data shows that inflation in the services sector, which had remained around 4% for an extended period, dropped to 3.7% in February. This shift fosters hope for further improvement in the euro area, according to Bloomberg.
Recommended
1 hour ago
1 hour ago
Today at 12:05 PM
Today at 10:41 AM
ECB’s Vice President forecasts almost zero growth in eurozone economy from April to September
Today at 10:39 AM
Top news
Today at 12:05 PM
Today at 10:41 AM
Today at 10:09 AM
Today at 10:06 AM