The euro area enlarges to the European Central Bank’s goal by 2 %

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The euro zone inflation was 2 percent in June, as it rose to the average goal of the European Central Bank.

The annual inflation of June, which was published on Tuesday, was more than 1.9 percent, and a consistency with economists’ expectations in a Reuters poll.

The height was “modest” and “not worried in particular.”

He added that, while European Central Bank Uply at its next meeting in July, interest rates will retain, “We see the opening of the door to reduce (a quarter of a point) in September. The central bank has risen to half to 2 percent since last summer.

European Central Bank President Christine Lagarde said last month that the central bank was “reaching the end of the monetary policy cycle.”

The basic inflation, with the exception of the prices of volatile food and energy, remained fixed at 2.3 percent in June.

The number that was closely monitored for the inflation of services – a measure of local price pressures that remained much higher than 2 percent is more than three years – to 3.3 per cent, and raised a little in the 3.2 percent that it reached in May.

The euro has not changed largely after issuing data on Tuesday at $ 1.181.

The currency has estimated 14 percent against the US dollar since the beginning of the year, which has made many imports to the euro area cheaper and a dirty impact on wider price pressures.

Oil prices rose temporarily by up to 26 percent after Israel began bombing Iran in June, as it reached the highest level since the beginning of the year. However, most of these gains reflected after the United States entered the conflict and mediated the ceasefire.

Market expectations of interest rate discounts have not changed after the deployment of inflation numbers in June. Traders continued to give almost 10 percent chance to reduce a quarter -point rate at the next meeting of the European Central Bank in July, according to the levels involved in the bombing markets.