In today’s briefing:
- EA: Inflation Dip Concentrated in Nov-22
EA: Inflation Dip Concentrated in Nov-22
- Flash EA inflation in Nov-22 was unusual for breaking the upside trend with an outcome that undershot expectations by a substantial amount (43bps for us).
- The reliance on energy prices in the Netherlands and Belgium weakens the fall’s significance. Other national news was relatively symmetrical, including in the core.
- ECB policymakers should be reassured by the lack of upside while slowing hikes against excessive underlying pressures. Risks to hiking 50bp in Dec-22 no longer skew up.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
