Prior +2.2%HICP +2.7% vs +2.6% y/y prelimPrior +2.5%
The good news is that core annual inflation is seen slowing further to 1.5%, down from 1.8% in June. That will give the ECB more confidence at least in chasing the next rate cut.
This article was written by Justin Low at www.forexlive.com.
