Inflation rebound eases pressure on ECB
Annual inflation increased to 0.7% in April, but the ECB forecasts remain ‘off track’
A pick-up in inflation and a strong bank lending survey have eased the pressure on the European Central Bank (ECB) ahead of the governing council's meeting next week.
Annual HICP inflation increased from 0.5% in March to 0.7% in April, which marks the end of the latest disinflationary stutter in the eurozone, while net corporate loan demand turned positive for the first time since 2011.
The ECB targets inflation of less than but close to 2%. This is widely interpreted as 1.7%, which was last
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