(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.
ECB Can Keep Cutting Rates
The Loft of Shared Dreams in Davos underscored the need for collective vision and collaboration to address global issues, transform industries and redefine success.
The euro zone’s bout of economic sluggishness is lasting longer than anticipated, European Central Bank Governing Council member Fabio Panetta said, warning that the so far resilient jobs market may be cracking.
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