Euro zone inflation dips to 2.2% in March as U.S. tariffs loom

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Eurozone inflation slows to 2.2% in March

BRUSSELS, Belgium – Inflation in the eurozone slowed further in March, calmed by an easing of energy tariffs and prices in the services sector, the EU’s statistics agency said on Tuesday. Inflation in the single currency area reached 2.2 percent, down slightly from the 2.3 percent figure for February, Eurostat said, bringing the rate close

Inflation in the euro area continued to weaken in March. The next interest rate decision of the European Central Bank is due in mid-April. Experts assume that the currency keepers will reduce the key interest rates again.

Inflation in the eurozone is falling towards target. This means that there could be one or two more interest rate cuts from the European Central Bank (ECB) during the first half of the year. This could be good news for Swedes with expensive mortgages, as it will reduce the upward pressure on interest rates in Sweden as well.