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...
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