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Two parents and their two children walk through a section of sweet cakes, cookies and jam.
Nicolas Guyonnet | AFP | Getty images
The inflation of the euro zone decreased to 2.4% in February, but arrived slightly above the expectations of analysts, according to flash data of the Eurostat statistics agency.
Economists surveyed by Reuters expected inflation to submerge to 2.3% in February, below the reading of 2.5% in January.
Inflation of the euro zone accelerated in the fourth quarter, but the policy formulators of the European Central Bank remain optimistic about their career. Accounts of the Central Bank January meeting Last week he showed that policy formulators believed that inflation was on the way to fulfilling the objective of 2%, despite some persistent concerns.
The ECB meets again at the end of this week and is expected to announce another interest cut, which would mark its sixth reduction since it began to facilitate monetary policy in June.
The markets will also pay close attention to the ECB statement that accompanies the rate decision, looking for clues about the evaluation of the inflation of the policy formulators and the restrictions of monetary policies.
Monday’s data occurs after several important economies within the euro zone reported inflation data last week. Provisional data showed that February inflation did not change to 2.8% higher than expected in Germanybut it decreased abruptly to 0.9% in France. Readings are harmonized in the euro zone to guarantee comparability.
This last -minute news is being updated.
