German Inflation Edges Closer To ECB Target In June, State Data Show

www.oann.com | 1/25/2018 | Staff
malik778 (Posted by) Level 3
BERLIN (Reuters) – Inflation edged closer to the European Central Bank’s target in German states in June, data showed on Thursday, but analysts said the figures are unlikely to prompt a reversal of its decision not to raise interest rates in the coming year.

The ECB aims to keep inflation in the euro zone close to, but just below, 2% a year. Earlier this month, it opened the door to cutting rates or buying more bonds, as risk factors such as trade wars dragged down the euro zone economy.

ECB - Number - Number - Germany - Jack

“The ECB is not going to focus on just one number, even if that number is from Germany,” said Jack Allen-Reynolds of Capital Economics. “Economic growth in the euro zone is pretty weak and underlying inflation remains...
(Excerpt) Read more at: www.oann.com
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!