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Eurozone to confirm subdued inflation – Rabobank

FXStreet (Guatemala) - Analysts at Rabobank note the forthcoming EZ data this week that is unlikely to favour the euro.

Key Quotes:

“Following the 1.9% YoY fall in August, output is expected to stay in the red at -0.2% YoY with the MoM posting a growth of 0.7%. This will be a precursor to far more important advance Q3 GDP growth and final October CPI due on Friday”.

“The data will confirm that the Eurozone is still on the path of a very subdued inflation and lacklustre economic activity supporting expectations for more stimulus from the ECB in the form a full scale QE.

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