Eurozone inflation drops to 2.8% — below market forecasts

The harmonised consumer price index in the eurozone slowed to 2.8% year-on-year in June, clearly beating market consensus forecasts. The unexpected deceleration may dampen expectations of further interest rate hikes by the European Central Bank (ECB).

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📈 Business ECB head defends latest rate hike as key to hitting 2% inflation target The Independent World · 25d ago 📈 Business ECB holds interest rates steady as Iran war drives energy inflation above target DW News · 1d ago 📈 Business ECB 'comfortable' with its base inflation scenario, says Governing Council member Moulin Bloomberg · 21d ago