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 accelerated again in July, further underlining the task the European Central Bank has in controlling spiralling prices. The year-on-year rate, again driven by rising energy costs, rose 8.9%, up from 8.6% in June, a preliminary report from Eurostat shows, outpacing market expectations of an increase to 8.7%. On the month, prices rose by 0.1%.
Core inflation, which excludes energy, food, alcohol and tobacco, also rose in July, rising 4.0% y/y -- reversing a modest deceleration seen in June. Across the region, the Baltic states were all looking at 20%+ annual inflation rates.
The European Central Bank hiked its key interest rates by 50 bps just last week to help address the surge in prices -- along with stronger than expected Q2 growth -- and further increases are expected later this year, with a possible further 50 bps hike in September.
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.