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Global trends point to soft price pressures – DBS

FXStreet (Barcelona) - According to the Research Team at DBS, the global disinflationary trend points to soft price pressures.

Key Quotes

“With inflation at 0.4% YoY in Oct, rates are way below the ECB’s inflation target at 2%. While Eurozone’s disinflationary threat is more material, global trends also point to soft price pressures.”

“Overnight US FOMC Minutes of the October meeting (when the taper of QE3 asset purchases was completed), saw the US Fed high¬light that inflation continues to run-below the longer-run objective of 2%. The authorities also added that near-term inflation expectations had declined in September and early October, though longer-term inflation expectations were stable.”

“Japan’s inflation is also easing after the initial sales-tax boost, with China’s inflation at five-year lows in Oct.”

“Respective central banks will watch these trends closely, for if weak demand is a bigger driver behind falling inflation, policy support might be required to reverse the downtrend.”

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