September 2018 Eurozone HICP flash 28 September 2018
- Prior 2.0%
- Core 0.9% vs 1.1% exp y/y. Prior 1.0%
That’s a big blow to ECB hawks as the core not only misses expectations of a rise but goes backwards. Until that core number gets to at least 1.5%, the eCB are going to be in a bind come their next supposed end of QE date in Dec.