Inflation has slid again in Europe. Here's what that means for interest rates

FRANKFURT, Germany — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France.

The bank’s rate-setting council meets next week, but the first reduction in borrowing costs is not expected until June despite an economy that’s failing to grow, several analysts said. But prices for services, which include everything from movie tickets to medical care, are still high, and ECB officials will want to see the latest numbers on wage increases, analysts say.

In Europe, inflation spiked to an record high of 10.6% in October 2022 after Russia cut off most of its natural gas to the continent over the war in Ukraine, sending energy prices skyrocketing and driving a cost-of-living crisis.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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