Euro zone inflation dips for a third straight month as energy prices continue to fall
Publishing timestamp: 2023-02-01 05:58:07
Summary
Headline inflation in the Eurozone dropped for the third consecutive month in January, with energy costs falling to 17.2%. Core inflation remained unchanged at 5.2%. The European Central Bank is expected to raise interest rates by 50 basis points on Thursday, and investors will be looking for clues on the bank's next steps. Unemployment in the Eurozone remained steady at 6.6%, and data released Tuesday showed better-than-expected growth activity in the Eurozone at the end of 2022.
Sentiment: NEUTRAL
Keywords: politics, europe news, morgan stanley, breaking news: europe, stoxx 600, christine lagarde, economic events, business news, inflation, european central bank, economy,