European Central Bank via flickr
Traders currently predict roughly an 80% probability of a reduction of 25 basis points in the main ECB rates during the upcoming meeting scheduled for 17 October. Analysts from both BNP Paribas and HSBC are likewise anticipating the same outcome.
In France, consumer prices aligned with European Union standards rose by 1.5% annually in September, following a 2.2% increase in August. Preliminary data from Spain revealed that consumer prices increased by 1.7%, marking the slowest growth since June 2023, with inflation at 2.4% in August.
The European Central Bank has set the deposit rate at 3.5%, the main refinancing operations rate at 3.65%, and the marginal lending rate at 3.9%.
On 30 September, initial information on inflation in Italy and Germany for September will be made public, and on 1 October, a summary indicator for the euro area will be revealed.
source: bloomberg.com
In France, consumer prices aligned with European Union standards rose by 1.5% annually in September, following a 2.2% increase in August. Preliminary data from Spain revealed that consumer prices increased by 1.7%, marking the slowest growth since June 2023, with inflation at 2.4% in August.
The European Central Bank has set the deposit rate at 3.5%, the main refinancing operations rate at 3.65%, and the marginal lending rate at 3.9%.
On 30 September, initial information on inflation in Italy and Germany for September will be made public, and on 1 October, a summary indicator for the euro area will be revealed.
source: bloomberg.com