ING
Eurozone inflation eases, putting worst case scenarios on hold
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https://think.ing.com/snaps/eurozone-inflation-eases-putting-worst-case-scenarios-on-hold/
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4 itemsING THINK
Eurozone inflation eases, putting worst case scenarios on hold
As inflation in the Eurozone continues to ease, the desk believes that the worst-case scenarios surrounding a potential price spike are being postponed, presenting a more favorable outlook for the EUR/USD pair. Per the full note from ing-think, Eurozone inflation fell from 3.2% in May to 2.8% in June, driven largely by lower energy prices. This trend appears to reinforce a dovish stance from the European Central Bank (ECB), as President Christine Lagarde's recent speeches suggest a potential reassessment of interest rate trajectories amid sluggish economic growth.
DESK NOTEING Economics
Eurozone activity remains lacklustre as price pressures ease
DESK NOTE