Decline in inflation in Euro area is expected to continue – Crypto News – Crypto News
Connect with us
'Jumbo' rate hikes will not be a new habit 'Jumbo' rate hikes will not be a new habit

others

Decline in inflation in Euro area is expected to continue – Crypto News

Published

2 years ago

on

European Central Bank (ECB) President Christine Lagarde told European Union leaders on Friday that they expect the decline in the Euro area’s inflation to continue, per Reuters.

Lagarde added that the growth is projected to pick up in the course of 2024, mainly driven by increasing purchasing power. She further noted that the economic resilience requires higher productivity, which needs higher capital investment.

Market reaction

These comments failed to trigger a noticeable reaction and EUR/USD was last seen losing 0.4% on the day at 1.0815.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending