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Eurozone inflation to print negative numbers – Rabobank

FXStreet (Delhi) – Philip Marey, Senior US Strategist at Rabobank, expects the Euro area inflation to print a negative number in today’s release while the consensus expectation is that the final estimate is the same as the flash estimate of -0.1% inflation in year-on-year terms.

Key Quotes

“In the Euro zone we get the final estimate of the CPI for September. While a deteriorating inflation outlook in the US has increased the risk of a delay of the Fed’s first hike to next year, the same problem in the Euro zone is raising the likelihood of additional ECB measures to stimulate the economy before the end of this year.”

“Core inflation is expected to be confirmed at 0.9%. Note that this considerably lower than US core inflation, underlining the different challenges that the ECB and the Fed are facing.”

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