Prior +2.3%HICP +2.0% vs +2.0% y/y prelimPrior +2.6%
Core annual inflation is seen at 2.8% year-on-year in August, so there is still some work to do to get that down. But overall, this still will give the ECB some room to work with in arguing for a rate cut once every quarter. At least for now.
This article was written by Justin Low at www.forexlive.com.
