Headline inflation in the euro zone rises slightly in April, but core price growth slows unexpectedly
The latest figures come just days before the ECB is due to announce a new monetary policy decision.
The headline inflation rate in the euro zone rose in April, according to preliminary data released Tuesday, remaining significantly above levels targeted by theHeadline inflation came in at 7% for last month, according to Eurostat, after it dropped to 6.9% in March. At the same time, core inflation, which excludes food and energy prices, stood at 5.6% in April — from 5.7% in March. Analysts polled by Reuters had estimated a figure of 7% for headline inflation and 5.7% for core.
Market players have been debating whether the central bank will hike Thursday by 50 or 25 basis points. On the one hand, the rise in headline inflation could push hawkish members of the ECB to argue for another 0.5 percentage point increase. On the other hand, the unexpected slowdown in core price growth could tilt the balance toward a more dovish stance and result in a compromise rate hike of 25 basis points.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
See all homes sold in these New Jersey counties, April 17 to April 24Real estate transfers in New Jersey counties reported from April 17 to April 24.
Read more »
TooFab's Week In Celebrity Photos: April 23 - April 29Keke Palmer's newborn baby boy just made his ADORABLE red carpet debut (via toofab)
Read more »
US manufacturing contracts again in April, but pace slowsU.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tighter credit, which have raised the risk of a recession this year.
Read more »
Dallas Retailer Tuesday Morning is Going Out of Business; Liquidation Sales Coming SoonThe Dallas-based retailer has closed 265 stores since February, and the remaining 200 will start liquidation sales soon. Included are 59 stores in Texas.
Read more »
If Bryce Harper gets cleared, he could return as soon as TuesdayThe long-awaited moment, even with a record quick healing time, may have arrived as Harper could play as soon as Tuesday.
Read more »