Eurozone Inflation Rises to 2.5% in March, Above European Central Bank Target
Eurostat says energy costs increased 4.9%, while markets expect the European Central Bank (eurozone central bank) to raise interest rates three times this year.
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Terms & Concepts
- Inflation: A sustained rise in prices for goods and services, which reduces purchasing power over time.
- European Central Bank: The central bank for the eurozone, responsible for setting monetary policy including interest rates.
- Interest rates: The cost of borrowing money, used by central banks to help manage inflation and economic activity.