Published: 2024-03-29 11:15
Photo by Jean-Christian Tirat (SIPA/Scanpix).
Annual inflation in France slowed to 2.3% in March, the lowest level since 2021. summer
Consumer price growth in the eurozone’s second-largest economy was below the 3.2% recorded in February and slower than the 2.8% forecast by economists.
A rapid slowdown in inflation was recorded in all categories, including prices of services, energy, and food.
Meanwhile, monthly inflation in France slowed from 0.9% in February to 0.3% in March.
The latest data should bolster market participants’ belief that the ECB will begin cutting interest rates in June.
At the time, Francois Villeroy de Galhau, head of France’s central bank, said this week that the ECB could decide to cut interest rates as early as its next meeting in April if inflation continues to slow more than forecast and the economy stagnates.
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