EURO Zone Mayor inflation edges, reaching 2% of the BCB in June

Euro Zone inflation increased slightly 2% in June, according to Flash data from the Eurostat Statistics Agency on Tuesday, which means that consumer prices in the single currency area are now in line with the objective of the European Central Bank of 2%.

The economists surveyed by Reuters expected reading to reach 2% in the twelve months until June. Inflation of the euro zone had fallen For more than expected to 1.9% in May.

Central inflation, which excludes energy, food, tobacco and alcohol prices, did not change to 2.3% in June.

The impression of inflation of services services observed up to 3.3% in June, after cooling significantly in May to 3.2%, below a 4% reading in April.

Individual inflation impressions published in the last week for the main Easie Zone economies showed flexibility in the harmonized inflation rate in GermanyA small increase in France and Spain, but there are no changes in Italy in June, which indicates that reading the largest euro zone would probably have exceeded the level of 2% led by the ECB.

That has fueled even more Expectations that the Central Bank chooses to leave its key rate, the rate of the deposit installation, without 2%changes, when it meets at the end of Julybefore making a last cut of 25 base points in September.

The ECB chief economist, Philip Lane, told CNBC on Tuesday he believed The last period of monetary policy interventions to control inflation is “carried out.”

“We believe that the last cycle is done, reducing the inflation of the beak of 10 (%), back to 2%, that element is over, but in a way we need to be ready to ensure that any deviation we see does not embed, the image does not change in the medium term,” said Lane in an interview with the CNBC interview, Annette Weisbach in the Annual ECB forum in the Sintra in the Sintra in Sintra in Sintra in Sintra in Sintra in Sintra.

The ECB must be kept dependent on data, but will not respond to any “blip” isolated in inflation in the future, said Lane.

Analysts have warned that external factors could still alter the disinflation trajectory, however, with an inflation of persistently high services, a recent volatility in the thorough oil prices of the conflict in the Middle East and possible commercial tariffs of the United States, all cited as concerns.

If economic shocks do not materialize in the coming months and the disinflaria trend continues, however, economists believe that the Central Bank is in progress to keep the stable rates at its next meeting in July, but could opt for a rate cut in September.

– Jenni Reid of CNBC contributed reports to this story.