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.
by RTT Staff Writer
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