TL;DR CNBC

Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over

Publishing timestamp: 2023-03-02 07:32:07

Summary

Inflation in the euro zone eased slightly to 8.5% in February, while core inflation rose to 5.6%. Goldman Sachs raised rate hike expectations for the European Central Bank, and ECB President Christine Lagarde said that bringing down inflation will take time. Bond yields have been moving at multi-year highs, and analysts believe that the ECB is likely to follow through with its plans for a 50 basis point rate hike in March, and further rate hikes thereafter.

Sentiment: MIXED

Tickers: @GE.1,  ECBK, 

Keywords: politics,  christine lagarde,  ecb bancorp inc,  breaking news: europe,  business news,  inflation,  europe news,  euro-dollar (mar'23),  european central bank,  economy, 

Source: https://www.cnbc.com/2023/03/02/inflation-euro-zone-prices-dip-to-8point5percent-as-ecb-flags-rate-hiking-not-over.html