News

Eurozone: Inflation numbers flying high – HSBC

Fabio Balboni, European Economist at HSBC, notes that the Eurozone inflation came in stronger than market expected, rising back to 1.9% in April (consensus: 1.8%), from 1.5% y-o-y in March while the core inflation was also stronger, at 1.2%, and services inflation shot up to 1.8%, its highest since March 2013.

Key Quotes

“The timing of Easter is causing some of the volatility and from now on we should see a clearer picture. We expect inflation to ease again over the next couple of months and stabilise around 1.6-1.7% in the second half of the year. Against this background, although pressure for tapering might intensify after latest print, we don't expect any changes in QE and key policy interest rates.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.