Inflation in the eurozone fell to 2.2 percent in March. At the start of the year it was 2.5 percent. In the financial markets, the central bank is now expected to lower the most important interest on Thursday.
The ECB strives for a value of two percent for the euro area and is now almost at the destination. In some states in the eurozone, the rate is already considerably lower, for example in France (0.9 percent) and Luxembourg (1.5 percent). In Germany, with 2.3 percent, it was still slightly above the goal mark, which is considered ideal for the economy. Romania (5.1 percent), Hungary (4.8) and Poland (4.4) had relatively high values.
According to the EU calculation, inflation was 3.1 percent in Austria in Austria, according to the Austrian. According to the statistics, electricity remained the strongest price driver, because, among other things, the Remrem of the Electricity Prize that worked a year ago. The prices for life, water and energy became more expensive.
Inflation in the EU countries in March was so high:
“Only moderate growth”
“In general, the economy will probably only grow moderately this year. With 0.7 percent, Plus in the real gross domestic product (GDP) in 2025 should only be slightly higher than in the previous year,” the Chef Gastheer Jörg Krämer of the Commerzbank predicted for the entire euro. This should also play a role in the fact that the ECB will probably release monetary policy. It would be the seventh time since June 2024.
The interest rate, on which banks can get fresh money from the central bank, is currently 2.65 percent. The deposit rate is expected to be reduced to 2.25 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
