Headline inflation across the euro area was confirmed at a six-month high of 2.5 per cent in January ahead of next week’s European Central Bank (ECB) policy meeting. The latest Eurostat figures show price growth across the single currency bloc rose from 2.4 per cent to 2.5 per cent last month, slightly disappointing expectations.

Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.

(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.

Inflation in the euro area rose in January for a fifth straight month, creeping back up to 2.5pc. That is now well above the post-Covid low of 1.7pc recorded in September last year and will soften expectations in some quarters around the scale and pace of interest rate cuts.

Bulgaria has formally asked the European Commission and European Central Bank (ECB) to assess the country’s readiness to join the euro area, Prime Minister Rossen Zhelyazkov said on February

Bulgaria has fulfilled the final requirement for joining the eurozone, the inflation criterion, according to Finance Minister Temenuzhka Petkova. Following recent data from Eurostat, the country has now met all the conditions necessary for eurozone membership.