Data on inflation in the euro area! Do not miss!
Dear traders,
Today, at 12:00 (Kiyv), the euro zone will publish an inflation report for April. According to analysts’ forecasts, the data of this report will support the decision of the European Central Bank not to hurry with the completion of the financial incentive program.
According to the consensus forecast, consumer prices are expected to grow by 1.3% in April after a similar growth in March.
Perhaps more important for the ECB’s intention to accelerate inflation is the core inflation rate, which does not include energy and food prices. According to forecasts, the core inflation will slightly slow down to 0.9%, compared to 1.0% in the previous month.
In addition to data on inflation in the euro area on Wednesday will also be published preliminary report on GDP for the first quarter. Analysts predict that at the start of the year will be recorded a moderate economic growth.
On the week, as predicted, the ECB kept the current interest rate unchanged and confirmed plans to continue financial stimulation, which led to a depreciation of the euro against the dollar to the lowest level since January 12. (Investing.com)
Follow the news and stay on top of the key events!
Have a nice day!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
Hotline +448 000 698 464