ECB to raise interest rates by only 50 bps in December after a decline in Eurozone inflation – Commerzbank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Euroarea flash inflation was 10.0% year-on-year in November, down from 10.6% YoY in October. Data strengthen Commerzbank’s expectation that the ECB will only raise key rates by 50 basis points at its December meeting.
“The inflation rate in the euro area declined much more than expected, from 10.6% in October to 10.0% in November. Whether this means that the inflation rate has passed its peak is uncertain in view of the extreme fluctuations in energy prices.”
“Underlying price inflation remains high. The core inflation rate excluding energy, food, alcohol and tobacco remained at 5.0% in November.”
“Today’s data increase the likelihood that the ECB will raise its key interest rates by only 50 bps in December.”
[/s2If]
Join Our Telegram Group
