Core inflation in the Eurozone unexpectedly accelerated to 2.4% last month, with the services index rising to 3.4%. The European Central Bank (ECB) kept interest rates unchanged at 2%, confident that inflation will return to its target. According to Eurostat, consumer prices rose by 1.9% in February, up from 1.7% in January, still below the ECB's 2% target. The unexpected surge in inflation, driven by rising energy prices due to the war in Iran and its attacks on regional countries, supports the ECB's cautious stance on interest rates.
