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On January 3, 2025, the Carrefour supermarket in Pupenan in the Pyrenees-Orientales department in southern France.
JC Milehet | AFP | Gets the image
In June, the euro -zone inflation increased slightly to 2%, according to Flash from the Eurostat Statistics Agency on Tuesday, that is, consumer prices in the single currency zone now correspond to the target of the European Central Bank of 2%.
Economists interviewed by Reuters expected the reading to be 2% for twelve months before June. Inflation of the eurozone zone has fallen more than expected by 1.9% in May.
The main inflation, which eliminates energy prices, food, tobacco and alcohol, was 2.3%in June.
In June in June, carefully watched as a printing press, up to 3.3%, after cooling in May to 3.2%, which is in April compared to 4%.
Individual inflation prints released last week’s main economies showed mitigation in harmonized inflation in Germany.
That is even more started Expectations that the Central Bank decided to leave its key bet, the deposit rate without changing 2%when it would take place in late JulyBefore you make the final 25-base dill in September.
A Euro selected after the data is released and The last time it was noticed that trade is 0.3% above the dollar.
Chief Economist ECB Philip Lane told CNBC on Tuesday what believes The last period of monetary policy interventions for inflation in control is “made”.
“We believe that the last cycle is done, which reduces the inflation from peak 10 (%), back to 2%, this element is over, but on a promising basis we need to stand ready to make sure that any deviation we see does not become decorated, does not change the medium-term picture,” Lane said in an interview with Annbc Annette.
The ECB should remain dependent on the data, but will not respond to any isolated “laziness” in the inflation that goes forward, Laneh said.
The projected lighting, which marks the 75th anniversary of the Schuman Declaration, in the Grozmarhal building in the headquarters of the European Central Bank in Frankfurt, Germany, May 9, 2025.
Alex Kraus/Bloomberg via Getty Images
Analysts have warned that external factors can still upset the disinfectant trajectory, however, with stable high -service inflation, the recent volatility prices at the back of the conflict in the Middle East and potential US trading tariffs.
If in the next few months economic shocks have failed, and the tendency of disinflation continues, however, economists believe that the Central Bank will, of course, stable at the next meeting in July, but may choose a decrease in the rate in September.
– Jenny Reed in CNBC made a report in the story.
