Core inflation rate continues to rise, ECB to hike 50 bps in March – 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)]

Preliminary calculations by Eurostat showed a significant increase in the core inflation rate. The inflation figures for February will therefore confirm the ECB’s intention to raise interest rates further, economists at Commerzbank report.

“Hopes for a strong decline in the inflation rate in February were not fulfilled. It eased only slightly from 8.6% to 8.5%. While energy prices fell, food prices rose and core inflation increased from 5.3% to 5.6%.”

“Given the renewed strengthening of underlying inflation, it seems almost certain that the ECB will raise its key rates by another 50 basis points at the mid-March meeting.”

[/s2If]
Join Our Telegram Group