Published on Tuesday, June 3, 2014 | Updated on Wednesday, June 4, 2014
Eurozone inflation: new downward surprise
Summary
After the volatility in inflation figures in March and April due to seasonal factors, May figures show further evidence on the weakness of inflation. Looking beyond the volatility of recent months, core inflation has been fluctuating around 0.8% YoY since late last year, in line with the relative weakness of domestic demand in the eurozone. We expect the ECB to ease monetary policy on Thursday.
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BBVA Research
BBVA Research