Economics
ECB Under Pressure as Inflation Slows More Than Forecast
- Weak price pressures are gloomy precursor to policy meeting
- Officials are due to unveil details of long-term loans
This article is for subscribers only.
Euro-area inflation eased more than expected in May, piling further pressure on European Central Bank policy makers as they assess a deepening slowdown and the need for stimulus.
Consumer prices rose 1.2% in May, dropping back to the lowest in more than a year, from an Easter-boosted 1.7% pace in April. The core inflation rate fell to 0.8%, with both figures coming in below the median estimates of economists.