Eurozone Inflation Dips Slightly in January but ECB Rate Cut Still Months Away
- Eurozone inflation dipped to 2.8% in January, down from 2.9% in December
- The dip raises hopes that inflation is trending down towards the ECB's 2% target
- Core inflation, excluding food and energy, also fell to 3.3% from 3.4%
- An economist said it's too soon to declare victory over inflation
- The ECB is unlikely to cut interest rates, now at 4%, before June