Europe Grapples With Stagflation-Lite. Trump To Eye Weak Currency
Headline inflation's back above target in Europe, but don't worry, the ECB will probably cut rates again anyway next month.
12-month price growth was 2.3% in November, preliminary figures released on Friday showed.
That was the warmest since July and it came courtesy in no small part of base effects, which is to say the increase was expected.
November marked the second consecutive month during which the headline pace moved higher. Core was 2.7%. Again. It's been stuck there since September,
I admittedly have FX parity conversations, thanks H
IMHO, the ECB will be cutting rates continuously in the near future to prop up the spluttering economy, despite higher-than-planned inflation. This will effect their credibility, but what else can they do? I think someone spoke about sclerosis in the EU.