Eurozone inflation remained stable in July as expected by economists, data published by Eurostat showed Tuesday.
The annual rate came in at 2.4 percent, above the central bank's target of "below but close to 2 percent." The final data is due on August 16.
Although inflation remains above the threshold limit, the European Central Bank resorted to rate reduction in early July. The main refinancing rate was reduced by 25 basis points to 0.75 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.