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Eurozone June preliminary CPI +5.5 vs +5.6% y/y expected

Prior +6.1%Core CPI +5.4% vs +5.5% y/y expectedPrior +5.3%The good news here is that headline annual inflation has declined further on the month, even when accounting for the higher base effects in Germany. However, core inflation remains stubbornly high and that is also particularly evidenced when we saw the Spanish report earlier here. The euro might respond a little to the headline figure but don't expect the ECB to relent whatsoever on their hawkish posture considering what we're seeing in t... Read More

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Eurozone

June

Preliminary

Expected

Forex

Posted: Jun 30 2023, 09:00

Author Name: forexlive

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