Eurozone chief points to inflation returning to its target range
The Star Online - Business·2024-05-07 08:01
BRUSSELS: European Central Bank (ECB) chief economist Philip Lane says recent eurozone data have made him more certain that inflation is returning to the 2% goal, raising the likelihood of a first interest rate cut in June.
Speaking in an interview with Spanish newspaper El Confidencial, the Irish official cited a report on consumer prices last week that showed pressures in the service sector for the first time since November.
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