Confirmed euro zone inflation fall bolsters ECB's June rate cut plan [Yahoo! Finance]
ING Group, N.V. (ING)
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ing.com/investor-relations.htm
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Source: Yahoo! Finance
rate cut in June, even as rising energy costs and a weak euro cloud the outlook, final data from Eurostat showed on Wednesday. Inflation in the 20 nations sharing the euro currency slowed to 2.4% last month from 2.6% in February, in line with a preliminary estimate released earlier this month. Meanwhile underlying price growth, which filters out volatile food and energy prices dipped to 2.9% from 3.1%, despite services inflation holding steady at an uncomfortably high 4.0%. Inflation has fallen quickly over the past year, opening the way for interest rate cuts starting in June, even if the next few months are likely to bring choppy price growth data and a drawn-out return to the 2% target. The euro zone is facing opposing inflationary forces, which could keep the headline rate fluctuating around current levels over the coming months before dipping towards 2% in the autumn. Factors pulling inflation down include the continued slowdown in wage growth, anaemic demand given a ne
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