Economy

Euro zone prices dip to 8.5% as ECB flags rate hiking not over.

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All eyes on the latest inflation numbers out of the euro zone as market players consider what the ECB will do next.

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New data out of the euro zone on Thursday suggested that inflation is taking a while to come down significantly, raising prospects of further rate hikes in the region in the coming months.

Headline inflation across the 20-member bloc came in at 8.5% in February, according to preliminary data released Thursday. This indicates that prices are not coming down at the pace that had been registered in recent months. Headline inflation stood as high as 10.6% in October, but reached a revised 8.6% in January.

Analysts polled by the Wall Street…



Source cnbc.com

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