TODAY: Inflation data in the euro area - Ester Holdings

TODAY: Inflation data in the euro area

Dear traders,

Today, at 12:00  inflation data in the euro area for August will be published.

  • According to the consensus forecast, it is expected that consumer prices in August rose by 2.1%, which corresponds to the growth rate for July.

The core inflation indicator does not include energy and food prices. According to forecasts, core inflation will remain steady at a growth rate of 1.1%, unchanged from the preceding month.

  • The ECB  targets inflation of close to but just below 2% for the eurozone as a whole.
  • The ECB aims to end its bond purchasing program by the end of the year and has signaled a possible interest rate hike next year.

However, worries that growth in the region appears to have peaked, combined with concerns over a trade dispute with the US, have brought the ECB pessimists out of the woodwork in recent weeks. (Investing.com)

Have a good day and profitable trade!


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