Eurozone: Inflation in focus today – Rabobank

In Europe, data wise we have (flash estimate) inflation figures coming out for the Eurozone as a whole and will be a key economic release for today’s session, according to analysts at Rabobank.

Key Quotes

“Core inflation in the Eurozone was 0.9% y-o-y in November last year, and has steadily been going down from 1.2% y-o-y in June last year. The ECB will be closely watching this figure as it contemplates when to “start stopping” its asset purchasing program. A strong pick in core inflation (which we don’t expect) could spark a faster than expected stop. Not to worry though, if the ECB’s hopes of inflation picking up do not materialize this week, we still have fifty one more to go.”