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Dutch economist: Eurozone inflation slows down, expectations of interest rate cuts are not significant

Dutch economist: Eurozone inflation slows down, expectations of interest rate cuts are not significant

2024/01/24 12:00

According to a report by Jin10, Dutch economist Bert Colijn stated that although the eurozone economy continues to be weak, the pace of inflation in the eurozone still appears too slow, so it cannot be expected to lower interest rates quickly. Eurozone PMI data shows that economic activity in the eurozone continued to contract in January, although at a slower pace, with heavyweight economies France and Germany dragging down the overall economy. Colijn pointed out that the eurozone continues to be plagued by declining demand for goods and services, and inflation remains a concern, including disruptions from wage costs and tensions in the Red Sea region. For the European Central Bank (ECB), these concerns are likely to prevent any interest rate cuts before June.

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