Eurozone headline inflation remained at 5.3% in August, slightly ahead of the market consensus of 5.1%, while core inflation fell to 5.3% from 5.5% in July, which was in line with expectations. Markets reacted with the rate-sensitive German 2-year bond dropping 7 basis points and the euro losing 0.5% against the dollar, reflecting a slightly lower chance of the European Central Bank hiking rates again on the 14 September.
Eurozone Core Inflation Falls Slightly to 5.3% but Uncertainty Remains About the ECB’s Next Move
Headline Inflation Flat at 5.3% in August While Core Inflation Drops to 5.3% From 5.5% in Line With Market Expectations
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In