Headline inflation across the euro area was confirmed at a six-month high of 2.5 per cent in January ahead of next week’s European Central Bank (ECB) policy meeting. The latest Eurostat figures show price growth across the single currency bloc rose from 2.4 per cent to 2.5 per cent last month, slightly disappointing expectations.

Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.

Two further cuts are forecast for later in the year, bringing to 2% by autumn. This should have a positive effect on the economy as it will allow for businesses, including farmers, to borrow at a lower cost, which in turn should lead to more investment.

(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.

Eurostat’s final reading on Monday confirmed that consumer ... “January’s inflation data won’t change ECB policymakers’ minds about the likely near-term path for interest rates,” Jack Allen-Reynolds, economist at the consultancy Capital ...

Bulgaria has formally asked the European Commission and European Central Bank (ECB) to assess the country’s readiness to join the euro area, Prime Minister Rossen Zhelyazkov said on February

Bulgaria has fulfilled the final requirement for joining the eurozone, the inflation criterion, according to Finance Minister Temenuzhka Petkova. Following recent data from Eurostat, the country has now met all the conditions necessary for eurozone membership.