German inflation edges higher to complicate decision making over ECB rate cut outlook

This week’s numbers are unlikely to deter ECB policymakers from reducing borrowing costs on June 6 but they may make officials more hesitant on subsequent moves

Isabel Schnabel, board member of the ECB: Has warned against cutting rates too quickly

German inflation quickened for a second month — underscoring the task for the European Central Bank (ECB) to achieve its 2% target as it prepares to lower interest rates next week.

Consumer prices rose 2.8% from a year ago in May, the statistics office said.