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Eurozone CPI Exceeds Expectations: Did The ECB Move Too Soon On Rate Cuts?
(MENAFN- Mid-East Info) By Daniela Sabin Hathorn, senior market analyst at Capital
Inflation in the Eurozone remained stubbornly high in April, with both headline and core CPI figures exceeding market expectations. Headline inflation held steady at 2.2%, above the anticipated 2.1%, while core inflation-which strips out volatile food and energy prices-climbed to 2.7%, up from 2.4% the previous month. This marks the sixth straight month that inflation has stayed above the European Central Bank's (ECB) 2% target, despite having fallen to 1.7% as recently as September. The euro slipped slightly against the U.S. dollar following the release, though the reaction remained relatively contained. EUR/USD 1-minute chart -p decoding="async" class="CToWUd" title="A graph of stock marketAI-generated content may be incorrect." src="#" alt="A graph of stock marketAI-generated content may be incorrect." width="624" data-bit="iit" /> Past performance is not a reliable indicator of future results.
Inflation in the Eurozone remained stubbornly high in April, with both headline and core CPI figures exceeding market expectations. Headline inflation held steady at 2.2%, above the anticipated 2.1%, while core inflation-which strips out volatile food and energy prices-climbed to 2.7%, up from 2.4% the previous month. This marks the sixth straight month that inflation has stayed above the European Central Bank's (ECB) 2% target, despite having fallen to 1.7% as recently as September. The euro slipped slightly against the U.S. dollar following the release, though the reaction remained relatively contained. EUR/USD 1-minute chart -p decoding="async" class="CToWUd" title="A graph of stock marketAI-generated content may be incorrect." src="#" alt="A graph of stock marketAI-generated content may be incorrect." width="624" data-bit="iit" /> Past performance is not a reliable indicator of future results.
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