Euro zone retail sales unexpectedly dipped in January, adding to signs that a long-predicted consumption-led recovery is not yet on the horizon, fresh data from Eurostat showed on Thursday. Retail sales in the 20 nations sharing the euro currency dipped by 0.

The ECB cut interest rates by 25 basis points and updated the language in its decision to say monetary policy was becoming “meaningfully less restrictive.”

The European Central Bank on Thursday cut interest rates by 25 basis points, with the bloc's growth prospects in focus following tariff threats from U.S. President Donald Trump. This brings the ECB's deposit facility rate, its key rate, to 2.5% — a move that markets had widely priced in before the announcement.

Euro area annual inflation is expected to be 2.4% in February 2025, down from 2.5% in January according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation,

It is widely expected that the ECB will again reduce borrowing costs when it meets next as inflation remains under control and the Eurozone economy slows. Wage growth has also cooled in recent months, further supporting the case for more rate cuts.

Unemployment in Bulgaria in January 2025 was 3.9 per cent, down from four per cent in December 2024 and from 4.6 per cent in January 2024, European Union statistics agency Eurostat said on March

The euro strengthened against other major currencies in the Asian session on Thursday, following a spike in European bond yields on Germany's proposed 500-billion-euro ($539.85