The European Central Bank held interest rates steady on Thursday, keeping the deposit rate at 4 percent, the highest in central bank’s history. It was the fifth consecutive decision to leave rates untouched as inflation closes in on the central bank’s 2 percent target. Last month, inflation in the eurozone slowed to 2.4 percent. But […]
Read MoreTag: Eurozone
Inflation Cools in Eurozone, Nearing Central Bank’s Target
The annual inflation rate across most economies in Europe eased for the third month in a row, nearing the target set by the European Central Bank. Consumer prices in the 20 countries that use the euro rose 2.4 percent in the year through March, down from 2.6 percent the month before, the European Union reported […]
Read More