Central Banks
Euro-Zone Inflation Unexpectedly Quickens, Backing ECB Caution
- Consumer prices rose 2.5% from year ago in January; est. 2.4%
- Markets see at least three additional rate reductions in 2025
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Euro-area inflation unexpectedly accelerated, supporting the European Central Bank’s cautious approach to lowering interest rates while the sputtering economy faces intensifying trade threats from the US.
Consumer prices advanced 2.5% from a year ago in January, up from 2.4% in December and more than the stable reading predicted by economists, Eurostat said.