Forex
globalreutersSeptember 27, 20241 Mins read
Spain September preliminary CPI +1.5% vs +1.9% y/y expected
globalreutersSeptember 27, 20241 Mins read - Prior +2.3%
- HICP +1.7% vs +1.9% y/y expected
- Prior +2.4%
This adds to the French data from earlier and reaffirms softer price pressures towards the end of Q3. Core inflation is also seen easing further to 2.4%, so that’s another positive development. And all of this just rebuffs expectations that the ECB might indeed cut rates by 25 bps next month.
This article was written by Justin Low at www.forexlive.com.
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