Tuesday, February 3, 2026 at 9:05 AM
Consumer prices were 0.4% higher in January than in the same month last year, down from December’s 0.7% increase.
A weaker dollar and increased imports of lower-priced goods could push inflation even lower than expected, persuading the European Central Bank to cut interest rates.
The euro was little changed after provisional data showed eurozone inflation fell more than expected in January.
The central bank was closely monitoring the appreciation of the euro, which could potentially reduce inflation across the bloc, the Governor of the Bank of France said.
The euro was lower against the dollar. ING said it could fall slightly if Christine Lagarde acknowledges risks associated with its recent appreciation. Sterling faces further losses if the BOE leaves rates unchanged but boosts market expectations for future cuts.
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