Business & Finance
Spanish Inflation Unexpectedly Holds Well Above ECB Target
Key Points
Central Banks Spanish Inflation Unexpectedly Holds Well Above ECB Target Spanish inflation unexpectedly remained far above the European Central Bank’s 2% target in the first reading since the US-Iran peace deal that’s brought down energy prices. The headline rate stayed at 3.6% in June, the same as in May, data Monday showed.
Central Banks
Spanish Inflation Unexpectedly Holds Well Above ECB Target
Spanish inflation unexpectedly remained far above the European Central Bank’s 2% target in the first reading since the US-Iran peace deal that’s brought down energy prices.
The headline rate stayed at 3.6% in June, the same as in May, data Monday showed. The median estimate in a Bloomberg survey of economists was for a slowdown to 3.4%.
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