FRANKFURT – Inflation in the Eurozone edged up to 2.9% last month, affected partially by Germany’s aid steps intended at minimizing heating expenses, yet core inflation is on a down pattern, now at 3.4%. Amid these advancements, the European Central Bank (ECB) preserves a careful position on adjusting interest rates, signaling that any prospective rate cuts might be delayed upuntil at least mid-2024.
The ECB’s criteria interest rate stays at 4%, as the main bank sees for the effect of diverse inflation rates throughout member c