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Monday 7 May 2018

Inflation in the Eurozone is slowing, the chances of ending the incentives - too

Inflation in the eurozone surprisingly slowed over the past month, according to last week's data, which reduced the chances of a timely exit from the program of incentives and rising interest rates.
Consumer prices rose 1.2% in April, according to Eurostat, which was below their 1.3% growth in the past month. At the same time, the result is sustained under the 2% target of the ECB.
The Core Consumer Price Index slowed down to 0.7%, or its lowest level in a year.
The results were considered very negative by market participants who continued to sell the euro against the dollar. The single currency is permanently traded below 1.2000 and it is extremely difficult for it to return over this treshold again.


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