European Economic News

Eurozone Inflation Unchanged In June

Eurozone annual inflation remained unchanged at 2.4 percent in June, flash estimate issued by Eurostat showed Friday. The outcome was in line with economists' expectations.

The statistical office is slated to publish final data on July 16.

Inflation continued to stay above the European Central Bank's 'below, but close to 2 percent' target.

The European Central Bank in its monthly bulletin said that inflation rates are set to stay above 2 percent for the remainder of 2012.

Policymakers maintained the key refi rate at a record low of 1 percent at the governing council meeting held on June 6.

by RTTNews Staff Writer

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