Flash inflation for May to be confirmed at 4.8% y/y. Core inflation to remain stable close to 4.0% y/y. Labor market statistics to be strongly affected by base effect from last year. Central bank to hold QE auction. 

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This document is intended as an additional information source, aimed towards our customers. It is based on the best resources available to the authors at press time. The information and data sources utilised are deemed reliable, however, Erste Bank Sparkassen (CR) and affiliates do not take any responsibility for accuracy nor completeness of the information contained herein. This document is neither an offer nor an invitation to buy or sell any securities.

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