S&P 500 ^GSPC
5,088.8
+0.03%
Tesla TSLA
$191.97
-2.76%
Apple AAPL
$182.52
-1.00%
Meta META
$484.03
-0.43%
Nvidia NVDA
$788.17
+0.36%
Microsoft MSFT
$410.34
-0.32%
Amazon AMZN
$174.99
+0.23%
Alphabet GOOG
$145.29
-0.02%

INFLATION IN THE EURO AREA

Inflation in the euro area reached 2.9% last month, partly due to German subsidies on heating bills. However, core inflation has been falling and is currently at 3.4%. The European Central Bank (ECB) is therefore maintaining a cautious stance on interest rate adjustments, suggesting that any rate cut could be delayed until mid-2024. The ECB's base rate remains at 4%, while closely monitoring the different inflation rates in different member countries.


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