Euro zone inflation slowdown helped by easing energy prices
The euro zone’s inflation forecast for April was up 2.6% from a final reading of 2.7% (previous flash estimate was 2.6%) in March compared to consensus for 2.5%. The decline was mainly attributed to a slower rise in energy costs from a year ago, leaving room for more spending in family budgets.
European Central Bank President Mario Draghi stated that risks are “broadly balanced” and softened his tone on the region’s inflation outlook in a press conference last week. The ECB is widely expected to keep its benchmark interest rate at 1% at its next meeting on May 3rd.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.