Pipsla FX Market Insights
February 2, 2025 at 02:47 PM
From Q3 September 2024, Inflation has been seen to rise moderately in the European Union amidst falling rates.
A handful of ECB officials suggest rates should be pushed down more as inflation is seen to be near the 2% target set by the Central Bank.
November and December data poked regulators to cut rates in January by 25 basis points to 2.9%.
Will we see inflation data suggest a boost in consumer appetite in January? Or would we see inflation head back to the 2.3-2.2 range? What would this mean for European economies?