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Little Movement In ECB Pricing Post-Eurozone CPI

STIR

Little net movement in ECB-dated OIS after the slightly softer than expected Eurozone CPI data. To recap, headline HICP saw the lowest print since January ‘22, before the inflationary effects of the Russia-Ukraine war were felt. Stronger services inflation drove the increase in the core reading, although the core metric still undershot exp. at the margin. The uptick in core had largely been foreshadowed by yesterday's German data.

ECB Meeting€STR ECB-Dated OIS (%)€STR ECB-Dated OIS Pre-Eurzone CPI (%)
Jul-233.6243.624
Sep-233.7963.795
Oct-233.8633.862
Dec-233.9053.906
Jan-243.8993.901
Mar-243.8683.869
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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