The inflation of the euro zone increases to the 2% goal of ECB

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The inflation of the euro zone met 2 percent in June and rose again to the medium -term goal of the European Central Bank.

The annual inflation reading in June published on Tuesday was an increase of 1.9 percent in May and in accordance with the expectations of the economists in a Reuters survey.

Diego Iscaro, head of the European economy at S&P Global Market Intelligence, said that the increase was “modest” and “not particularly worrying”.

He added while the ECB It was likely that the interest rates will remain stable at his next meeting in July. “We see that the door opens for a last (quarter point) in September”. The central bank has halved the interest to 2 percent since last summer.

The ECB President Christine Lagarde said last month that the central bank “was reached at the end of a monetary policy cycle”.

The core inflation without volatile food and energy prices remained stable in June with 2.3 percent.

The closely observed number for the inflation of the services – an advertisement for domestic progress pressure, which has remained well above the 2 percent goal for more than three years – rose to 3.3 percent, which has increased slightly in May.

The euro was largely unchanged after the data publication on Tuesday at $ 1.181.

The currency has estimated 14 percent compared to the US dollar since the beginning of the year, which means that many imports for the euro zone are cheaper and have an impact on the wider price pressure.

Oil prices temporarily increased by up to 26 percent after Iran Bombarding started in June, which has achieved the highest level since the beginning of the year. However, most of these profits turned over after the United States entered into conflict and conveyed a ceasefire.

The market expectations of interest rates remained unchanged after the number of inflation in June was published. At the next meeting of the ECB in July, the dealers continued to give a quarter point cut of around 10 percent, as can be seen from the swaps markets.