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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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(MNI) Brussels

EU inflation rates will start to fall back, but not before the second half of this year, EU Economic Affairs Commissioner Paolo Gentiloni said Tuesday.

“It’s clear that factors driving inflation will fade but probably not as soon as expected. Probably in the second half of the year, but not before,” he told reporters. OECD Chief Economist Laurence Boone had told euro zone finance ministers Monday evening that factors driving US and EU inflation were not the same, Gentiloni added.

Gentiloni said that the Commission would release its updated economic forecasts, including the inflation outlook, on February 11.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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