Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Eurozone inflation jumped by 0.9% between January and February, taking the annual rate to 5.8% from 5.1% in January, according to flash data released by Eurostat on Wednesday, making the European Central Bank's upcoming policy meeting an even greater communications challenge for them. The February inflation rate exceeded analysts’ expectations of a gain to 5.6% and marks a new euro-area high.
Core HICP — excluding energy, food, alcohol and tobacco — resumed its ascent after easing in January, rising by 0.5% in February for an annual gain of 2.7%, up from 2.3% in January. Energy prices surged by 3.3% in February or by 31.7% over February 2021.
Despite the inflationary surge, European Central Bank officials have been reluctant to publicly support policy tightening in the wake of Russia's invasion of Ukraine. Earlier in the week, governing council member Fabio Panetta spoke of the need for “prudence” in setting policy, particularly in light of recent events. ECB Chief Economist Philip Lane is due to speak later on Wednesday.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.