
Eurozone Inflation, Continuing to Ease, Rose 2.6% in February
The NewsInflation rates across most economies in Europe continued their descent last month. Consumer prices in the 20 countries that use the euro as their currency rose at an annual rate of 2.6 percent in February, down from 2.8 percent in January, the statistical office of the European Commission reported on Friday.Why It Matters: Interest rates won’t go down until inflation does.The sooner inflation rates drop closer to the European Central Bank’s target of 2 percent, the sooner the bank may be inclined to lower interest rates, which now stand at 4 percent. Christine Lagarde, the bank’s president, has said…



