FXStreet (Edinburgh) – Senior Analyst at Danske Bank Jens Pedersen noted the importance of today’s flash CPI in the euro bloc.
Key Quotes
“In terms of data releases euro area inflation will attract attention today”.
“We expect a small decline in the headline figure to 0.1% y/y in August from 0.2% y/y in July driven by the drop in the oil price but also due to an expected decline in core inflation”.
“Looking ahead focus will be on core inflation and any second-round effects of the lower oil price as this would likely imply the ECB will ease again”.
(Market News Provided by FXstreet)