Market Focus
Reaccelerating CPI Will Not Derail ECB Cut
Euro Area CPI accelerated for the first time this year from 2.4% y/y to a faster-than-expected 2.6% y/y in May. Preliminary estimates also suggest that core CPI accelerated from 2.7% y/y to 2.9% y/y, against expectations of a constant growth rate. …
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