Eurozone inflation slowed more than forecast in May, cranking up pressure on the European Central Bank (ECB) to deploy measures as soon as this week to kindle prices and drive growth. The inflation rate fell to 0.5% from 0.7% in April, slower than economists’ 0.6% forecast for May. Inflation has been less than half the ECB’s target for eight months. The ECB has prepared investors for the prospect of stimulus when it announces the rate decisions on June 5.
Eurozone Inflation Slowing More than Forecast, Pressuring ECB to Act
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