Euro zone inflation eased to 2.4% in February according to statistic agency Eurostat. This was lower than January's 2.5% reading, but higher than expected by economists polled by Reuters. So-called core inflation,

The European Central Bank (ECB) on Thursday lowered its three key interest rates by 25 basis points, meeting market forecasts. This marked the fifth consecutive rate cut since the ECB initiated its easing cycle last June. The key deposit rate now stands at 2.50%, its lowest level since early 2023.

Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.

The European Central Bank (ECB) is expected to cut its key interest rates this Thursday for the sixth time since the middle of 2024. Inflationary pressures have eased and economies have weakened, meaning economists expect the eurozone's central bank to lower the benchmark deposit rate by 0.

(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.

Euro zone retail sales unexpectedly dipped in January, adding to signs that a long-predicted consumption-led recovery is not yet on the horizon, fresh data from Eurostat showed on Thursday.

The ECB cut interest rates by 25 basis points and updated the language in its decision to say monetary policy was becoming “meaningfully less restrictive.”

the European Union's statistical agency Eurostat reported Monday. The lower consumer price inflation figure supports the view that the ECB is succeeding in its battle to get inflation back to its ...