Eurozone inflation at lowest level since Ukraine war but more interest rate rises expected
02 June 2023 |
2:10 pm
The annual inflation rate in the Eurozone dipped sharply in May to 6.1 percent, its lowest level since Russia invaded Ukraine last year. Despite this, European Central Bank Chief Christine Lagarde hinted at further, more gradual interest rate hikes to bring inflation down to its target of 2 percent.
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