Istvan Varkonyi
Marketprog Ltd.
Eurozone inflation rate is still in a critical zone. The just under 2% inflation rate desired by ECB is just far from the fact figures, YoY CPI was just 0.5% in March. This was in line with expectations, and on a MoM basis it was only 0.9%, under-performing expectations. Unfavorable results still can lead to euro strengthening, eroding the competitiveness of the integration, so investors are still waiting for Draghi’s next steps.
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