External broker reports, Nordea

Nordea

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External broker reports

External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Euro-area flash inflation dropped to 2.9% y/y in Oct (consensus: 3.1% y/y), down from 4.3% y/y in Sep.</li><li>This was the last of the three months with large negative base effects.</li><li>Going forward, the slowdown in inflation towards the ECB target at 2% will be slower.At these levels – below 3% headline inflation – the ECB should gradually be changing reaction function from current inflation and dependence on current data – which is necessary to anchor inflation expectations during periods, where inflation is too high – to expected inflation and expected data a bit further ahead.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Euro-area flash inflation dropped to 2.9% y/y in Oct (consensus: 3.1% y/y), down from 4.3% y/y in Sep.This was the last of the three months with large negative base effects.Going forward, the slowdown in inflation towards the ECB target at 2% will be slower.At these levels – below 3% headline inflation – the ECB should gradually be changing reaction function from current inflation and dependence on current data – which is necessary to anchor inflation expectations during periods, where inflation is too high – to expected inflation and expected data a bit further ahead.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

유로존 플래시 인플레이션: 헤드라인은 낮지만 핵심은 높다