Euro Zone February inflation below expectations
01.03.07
EU inflation (1.8%y/y) came out below market expectations, thus remaining below the ECB’s 2.00% target rate for the sixth straight month. Economists polled by Reuters had expected February inflation to be 1.9%y/y, however, the ECB are still expected to raise rates by 25bps to 3.75% when they meet next week.