Week of confusion as markets debate ECB signals
Underlying euro inflation rises, after Draghi remarks send bond yields higher
Figures released this morning show a pick-up in underlying inflation in the euro zone, reinforcing analysts’ expectations that the European Central Bank (ECB) will announce a scaling back of some of its stimulus measures in the autumn.
The early estimate from the EU’s statistics office Eurostat shows that the euro zone inflation rate in May actually slowed to 1.3 per cent in June from 1.4 per cent in ...
