EUR: Eurozone inflation increased to 7%

Yesterday the consumer price inflation rate for the Euro zone increased slightly to 7.0% in April, from 6.9% in March (a 13-month low). Tomorrow, the European Central Bank’s policymakers will reveal the latest interest rate decision. Markets expect a rise of 25 basis points which would take the new rate to 3.75%. Many will be watching to see if today’s inflation increase impacts the ECB’s decision.

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