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16 Sep 2015
Eurozone CPI: No signal for easing - BBH
FXStreet (Delhi) – Research Team at BBH, suggest that even though the recent relased of Euro area CPI showed sign of easing but still its not suggesting that the ECB will have to resort to further easing.
Key Quotes
“Final Eurozone CPI for August eased to 0.1% y/y vs. 0.2% preliminary. Core CPI came in at 0.9% y/y vs. 1.0% preliminary.”
“The ECB recently cut its inflation forecasts, and this recent slide shouldn’t be too surprising. Yet it does feed into the notion that the ECB will eventually have to expand or extend its QE program. The euro is lower as a result, and is currently testing the 200-day MA near $1.1235 today.”
Key Quotes
“Final Eurozone CPI for August eased to 0.1% y/y vs. 0.2% preliminary. Core CPI came in at 0.9% y/y vs. 1.0% preliminary.”
“The ECB recently cut its inflation forecasts, and this recent slide shouldn’t be too surprising. Yet it does feed into the notion that the ECB will eventually have to expand or extend its QE program. The euro is lower as a result, and is currently testing the 200-day MA near $1.1235 today.”