Will Eurozone CPI Shift the ECB Outlook? | Metals Mine

  • Will Eurozone CPI Shift the ECB Outlook?

    From orbex.com

    Markets are essentially anticipating the ECB to stay on the sidelines for the rest of the year. But that might change at any moment if the data comes in as a surprise. Last month’s inflation was bang on the ECB’s target of 2.0%. President Christine Lagarde was pleased to report that consumer prices were in a good place last week. That means the current outlook for European monetary policy relies on the data matching expectations, and inflation not deviating too much from the target. The problem the ECB is facing now is not directly within its mandate: Europe’s lack of growth. It’s not the central bank’s ... (full story)

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