Eurozone Inflation Hits 2% Target, Raising Chance of ECB Rate Hold
Inflation throughout the euro area has reached the European Central Bank’s stated objective, showing a 2% year-on-year rate in June. This advancement represents an important achievement in the ECB’s path of monetary policy, boosting the probability that interest rates will stay stable shortly. For decision-makers, investors, and consumers, the reappearance of inflation at its planned level indicates a potential shift after years of economic instability and intense interest rate increases.The inflation reading comes after an extended period of elevated prices, during which the ECB pursued a series of interest rate increases to bring consumer price growth under control. Following a…







