- Prior +2.2%
- HICP +2.7% vs +2.6% y/y prelim
- Prior +2.5%
The good news is that core annual inflation is seen slowing further to 1.5%, down from 1.8% in June. That will give the ECB more confidence at least in chasing the next rate cut.
This article was written by Justin Low at www.forexlive.com.
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