Eurozone inflation falls to 2% Y/Y in January, as expected, from 2.2% in December. Core CPI...

|By:, SA News Editor
Eurozone inflation falls to 2% Y/Y in January, as expected, from 2.2% in December. Core CPI +1.3% vs +1.5% in Dec and consensus of +1.5%. On month, CPI -1% vs +0.4% and -1%. Inflation is now close to the ECB's target and gives strength to Mario Draghi's forecast that CPI will fall to significantly below 2%. It could even give the bank room to consider a rate cut from 0.75% when it holds a policy meeting next week. (PR)