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Carbon tax protest at Nova Scotia-New Brunswick border | SaltWire #newbrunswick #novascotia #rallyMADRID - The European Central Bank could start cutting interest rates in June after a continued slowdown in inflation in the euro zone, ECB policymaker Pablo Hernandez de Cos said on Wednesday.
Consumer price growth in the 20 nations sharing the euro currency slowed to 2.4% in March from 2.6% a month earlier, defying expectations for a steady rate as food, energy and industrial goods prices all pulled the headline figure lower. "The data has been a positive one, a further reduction in inflation, also in core inflation. Most importantly, it is compatible with the ECB's March forecast," the also Bank of Spain Governor said.
In its quarterly economic projections released in March, the ECB cut its forecast for price growth this year from 2.7% to 2.3% and said it now expects inflation to fall to 1.9% in summer 2025.
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