Free Trial
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.
EXECUTIVE SUMMARY
- The Eurozone August flash inflation round is not likely to deter the ECB from delivering a 25bp rate cut at its September 12 meeting, but will help inform the guidance around the likely path for policy into year-end.
- Headline inflation is expected to ease to 2.2% Y/Y (vs 2.6% prior) in August, with downward energy base effects making a (brief) return.
- Core inflation meanwhile is seen easing slightly to 2.8% Y/Y (vs 2.9% prior), driven by another slight moderation in core goods inflation, with services set to remain steady or even accelerate on an annual basis.
- The Olympic Games in Paris did not appear to have a meaningful impact on French (and therefore Eurozone) services inflation in July, but several analysts are wary that such effects will show up in August’s data.
- Our preview includes analysis of price categories to watch, assessments of underlying inflation trends, outlooks for the French, German, Spanish, and Italian national inflation prints, and sell-side analyst previews.
PDF analysis here:
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok