Eurostat: Annual Inflation in the Eurozone Fell to 8.5% in January
Annual inflation in the Eurozone fell to 8.5% in January, according to Eurostat's preliminary data. This is the third month in a row that inflation has slowed.
The data comes ahead of the European Central Bank's first key meeting of the year. Later in the day, the Federal Reserve in the United States is expected to announce another interest rate hike.
Energy prices remain a leading factor in inflation, although it is "moderating", analysts say.
The data on the price index in the 20 countries of the monetary union comes out a day before the first meeting of the European Central Bank, at which a new increase in the leading interest rates is expected.
Oxford Economics predicts that tomorrow there will be another rise of 50 basis points. In March, such a step will also be resorted to in an attempt to tame inflation. According to the experts, it is possible that there will be an interest rate increase in May, but this time by 25 basis points.
Meanwhile, the Federal Reserve is expected to announce its monetary policy later in the day. Interest rates are also expected to rise in the United States, but experts are divided on whether it will be by 25 or 50 basis points.
Follow Novinite.com on Twitter and Facebook
Write to us at email@example.com
Информирайте се на Български - Novinite.bg
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The EU has decided that from 2035 only New Cars with Zero Carbon Dioxide Emissions will be Sold
- » Another Night of Clashes in France - Over 740,000 Protested against the Pension Reform
- » 8 Arrested in Belgium for Preparing a Terrorist Act
- » European Parliament: There will be an Electric Car Station every 60 kilometers in the EU
- » After Joining Schengen: The Last Border Checks in Croatia have been Abolished
- » New Protests in France against the Pension Reform turned into Riots