"The expected round of interest rate cuts comes as the bout of price increases during the chaos of the Covid pandemic has faded. Supply chains were disrupted by pandemic lockdowns, leading to steep price rises, before Russia's full-scale invasion of Ukraine caused global energy prices to soar."
"Bert Colijn, a senior economist for the eurozone at Dutch investment bank ING, said he did not expect core inflation to drop below 2.5% for the rest of the year. He added that the modest decline in inflationary pressures and expectations for slowing inflation next year should be enough to persuade the ECB to cut rates in September."
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