Eurozone Services Inflation Surge Supports Case For Further ECB Hikes, Says ABN AMRO

Eurozone Services Inflation Surge Supports Case For Further ECB Hikes, Says ABN AMRO

BitcoinWorld Eurozone Services Inflation Surge Supports Case for Further ECB Hikes, Says ABN AMRO Persistent upward pressure on services prices in the Eurozone is strengthening the argument for additional interest rate increases by the European Central Bank, according to a new analysis from ABN AMRO. The Dutch bank’s assessment comes as fresh data shows services inflation running well above the ECB’s 2% target, complicating the central bank’s e…

Stronger Eurozone Inflation Gives EUR/CAD a Floor. But Can It Break the Ceiling? - ActionForex

Eurozone inflation has given EUR/CAD a reason to stay bid, but perhaps not yet a reason to break much higher. The stronger-than-expected rise in core CPI to 2.5% yoy and the acceleration in services inflation to 3.5% yoy have effectively cemented expectations for a 25 basis point ECB rate hike next week. For now, that […] The post Stronger Eurozone Inflation Gives EUR/CAD a Floor. But Can It Break the Ceiling? appeared first on ActionForex.