Home Market Euro stems bleeding as CPI hits 7.5%

Euro stems bleeding as CPI hits 7.5%

10
0


Euro stems bleeding as CPI hits 7.5%

Inflation sizzling in the eurozone

Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease. Meanwhile, eurozone inflation for March jumped to 7.5% YoY, up from 5.9% in February and above the consensus of 6.6%. Ahead of the release, ECB Vice-President De Guindos said that inflation should peak in the next two or three months.

Clearly, the ECB brass has no intention of tightening policy in response to accelerating inflation. Lagarde has acknowledged that this stance will put the ECB out of sync with the Fed but has argued that the two central banks are dealing with different economic conditions. According to Lagarde, the war in Ukraine is having a much greater effect on Europe than on […]

Invest In Yourself And Get Premium Analysis

Less than 20 cents a dayMajor Currency Pairs AnalysisForex Sentiment AnalysisUnderstand The Market10 days money back guarantee

View Subscription Options

Would you like to connect?

Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!



Previous articleNomura’s Instinet announces plans to acquire FIS Execution Services LeapRate
Next articleEUR/USD Price Analysis: Bears march the bulls back to the edge of the abyss