External broker reports(aggregated public sources), Nordea

Nordea

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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.

Euro-area flash inflation: Lower headline, high core