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.
Mixed messages for European Central Bank policymakers in the August inflation data, but a tick lower in the core rate to 5.3% y/y will offer some respite, although the hawks will continue to point to the continuing elevated levels.
According to Eurostat's flash inflation print, headline inflation was unchanged at 5.3% y/y in August, with the ex-energy, food, alcohol and tobacco rate at 5.3% y/y. Services inflation also slowed in the month, but remains elevated at 5.5% y/y.
Although many at the ECB accept inflation is trending lower, the speed of decline is probably not as quick as some would like to see. The August inflation data, added to the mix of releases in recent weeks, isn't a smoking gun for a hike or pause at the September meeting, but offers ammunition to both sides of the debate. (MNI SOURCES: ECB Mulls September Hawkish Pause, August CPI Key)
Source: Eurostat
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.