( ) -q-22- UNDATED (Correspondent Jeremy House) “inflation to land.” Inflation is on the way down in Europe. [CutID: <Cuts> EUROPE-INFLATION-house-q-TUEam.mp3 Time: 22s Title: EUROPE-INFLATION-house-q-TUEam Out-cue: inflation to land] TAG: Correspondent Jeremy House reporting. The central bank’s president made clear in a speech that it will take time to make sure inflation is headed down […]
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Inflation is down in Europe, but the European Central Bank is slow to cut rates
( ) -q-22- UNDATED (Correspondent Jeremy House) “inflation to land.”
Inflation is on the way down in Europe.
[CutID: <Cuts> EUROPE-INFLATION-house-q-TUEam.mp3
Time: 22s
Title: EUROPE-INFLATION-house-q-TUEam
Out-cue: inflation to land]
TAG: Correspondent Jeremy House reporting. The central bank’s president made clear in a speech that it will take time to make sure inflation is headed down for good. The bank has made one rate cut to help the economy grow. But analysts say that more cuts are off the table at least until the bank’s September meeting.
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VERBATIM: Whiel the report is good news, it’s not good enough for the European Central Bank to cut interest rates just yet. The figure of 2.5% for June was down a bit from the month before. That’s well down from the peak in double digits. But it just shows how consumer price increases are stuck above 2%. And that’s where the ECB wants inflation to land.