Closing post
Time to wrap up…. here’s the main stories, on the day the eurozone bounced out of its technical recession, and take-up of UK mortgages rose.
Updated
France’s central bank governor has suggested the European Central Bank now has the confidence it needs to cut interest rates at its next meeting in early June.
Reuters has the details:
French and euro-zone inflation data released on Tuesday gives confidence the European Central Bank will be able to start lowering interest rates in early June, ECB member and Bank of France governor Francois Villeroy de Galhau said on social network Linkedin.
As we covered this morning, eurozone annual inflation was unchanged at 2.4%, close to the ECB’s 2% target, while France’s inflation rate slipped to just 2.2%.
