Confirmed euro zone inflation fall bolsters ECB's June rate cut plan [Reuters]
ING Group, N.V. (ING)
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ing.com/investor-relations.htm
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Source: Reuters
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. Report this ad 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
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