Economy
Eurozone inflation slows less than expected, clouding hopes of ECB cuts
Consumer prices rose 2.8 per cent across Europe from a year ago in January, above analysts estimates
Euro-zone inflation eased less than anticipated at the start of the year — testing investor expectations that the European Central Bank will begin lowering interest rates as soon as the spring.
After a pick-up in December driven by base effects, consumer prices rose 2.8 per cent from a year ago in January, Eurostat said Thursday. That’s above the 2.7 per cent median estimate in a Bloomberg survey of economists. Core inflation, which omits volatile components ...