Skip to Content

Inflation has slid again in Europe. What that means for interest rates

By DAVID McHUGH
AP Business Writer

FRANKFURT, Germany (AP) — Inflation has fallen again in Europe, to 2.4% in March. It’s welcome news for consumers since spikes in food prices have eased. The annual figure for the 20 countries that use the euro currency has come in below what financial markets expected and marks a decline from 2.6% in February. The figures released Wednesday mean the European Central Bank is getting closer to achieving its goal of 2% inflation. Analysts say the decline keeps the ECB on track for an interest rate cut in June. The pressure is on to reduce borrowing costs because the economy is failing to grow.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content