Euro-Area Inflation Steady, ECB Keeps Rates

Euro-area inflation ticked up slightly to 2.2%, but remains close to the ECBs target. Core inflation held steady at 2.4%. Despite some hopes for a faster decline in underlying price pressures, the inflation picture varies across member countries. Germany saw an increase, while Spain and Italy experienced a slowdown. ECB President Lagarde reaffirmed the banks comfort with current policy, and investors expect the deposit rate to remain at 2%.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.