Eurozone Flash HICP Data Shows Lower Than Expected Results

Wednesday, 3 April 2024, 09:06

Today's Eurozone flash HICP data came in below expectations, with HICP Flash YY at 2.4% (expected 2.6%), HICP Flash Excluding F&E YY at 3.1% (expected 3.2%), and HICP Flash Excluding F,E,A & T at 2.9% (expected 3.0%). The market reaction was minimal, suggesting that the miss was already anticipated. Despite this data, it is unlikely to significantly impact the ECB rate expectations, maintaining a hold for April at 80% and a rate cut for June at 99.5%. This could, however, influence the opinion of doves on the governing council during their discussions.

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Eurozone Flash HICP Data Overview

Key Points:

HICP Flash YY: 2.4% (expected 2.6%)
HICP Flash Excluding F&E YY: 3.1% (expected 3.2%)
HICP Flash Excluding F,E,A & T: 2.9% (expected 3.0%)

The price reaction to the miss was marginal and largely foreseen. The article discusses how this data may impact ECB rate expectations and the insights concerning future monetary policy decisions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Eurozone Flash HICP Data Overview

Key Points:

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