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.
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