Inflation in the euro zone is approaching the ECB target
Frankfurt, April 3 (Hibya) – The easing in consumer prices continued in March: the inflation rate in the euro area fell to 2.4 percent. This confirms the date for the first interest rate cut.
Inflation in the euro zone is approaching the ECB 's target of two percent. According to a flash estimate by the EU authority Eurostat, consumer prices rose by 2.4 percent in March. This means that there has been a further decline over the year.
The European Central Bank (ECB) is therefore heading more than ever towards an interest rate cut in June. Inflation was 2.6 percent in February. A year ago, inflation in the euro zone was just under seven percent. Because of the surge in inflation, the ECB raised key interest rates a total of ten times.
Usa News Agency
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