"For the ECB, today's German inflation data will not change the course of monetary policy. The figures confirm that at least for the time being, inflation no longer tops the list of concerns for European policymakers."
"Annual inflation in Germany, Europe's top economy, came in at 1.9 percent, according to preliminary data from the Destatis statistics agency, down from 2.1 percent in January. Analysts surveyed by financial data platform FactSet had expected the indicator to accelerate to 2.2 percent."
German inflation slowed to 1.9% in February, contrary to analyst expectations of 2.2%, according to Destatis preliminary data. Under the ECB's harmonised metric, inflation reached 2%, down from 2.1% in January. Energy price declines and moderating food cost inflation drove the lower readings. With inflation near the ECB's two-percent target, policymakers are unlikely to alter monetary policy. The central bank has maintained its benchmark rate at 2% since June. Analysts indicate inflation no longer represents a primary concern for European policymakers, supporting the case for sustained rate stability.
Read at The Local Germany
Unable to calculate read time
Collection
[
|
...
]