Research & Analysis
ECB Cuts Rates While Core Inflation Rises
- 2024-09-21
- Share On:
-
💶 The ECB cuts rates but stays mum on forward plans, with rising core inflation. Can services inflation control the EUR's path? Watch German PMIs & Business Climate for potential EUR moves
ECB meetings suggest no pre-set path, emphasizing concerns over services inflation. Key future influences include wage and inflation data. A rise in services inflation or HICP may strengthen the euro, whereas a drop could lower it, sparking hopes for an October rate cut. EURUSD movements are currently more influenced by US Federal Reserve expectations than by ECB actions unless new data impacts the eurozone economy.
Recently Blog
