Eurozone inflation eases, and trade surplus shrinks

ECB attributes expected inflation to one-off factors during the projected global recovery from the pandemic

The ECB predicts that borrowing costs are set to stay ultra low for years to come. 

Eurozone inflation slowed in June after a steady acceleration in the first months of 2021, official data has confirmed, while the bloc's trade surplus shrank in May due to a decline of exports.

The EU’s statistics office Eurostat said consumer prices in the 19-country single-currency bloc rose 1.9% in June on the year, slightly less than the 2% increase in May, in the first slowdown since last September.