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.

Ryan Littlestone

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