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Nov 18, 2015
EU inflation trend on the rise – Nomura
FXStreet (Delhi) – Research Team at Nomura, suggests that the Europe’s inflation trend is on the rise sharply but the rise is shorter than in the UK.
Key Quotes
“UK inflation did not match the euro area’s rise during October, owing to tuition fees. Big upcoming base effects will drive inflation rates generally higher, but they are bigger in the euro area, so the UK rate will likely slip further behind.”
“The more advanced position of the UK economic cycle appears to be placing it on a more normally sloped and thus inflationary part of the Phillips curve. So by Q2, UK inflation is likely to have reasserted its relatively brisk pace, in our view.”
Key Quotes
“UK inflation did not match the euro area’s rise during October, owing to tuition fees. Big upcoming base effects will drive inflation rates generally higher, but they are bigger in the euro area, so the UK rate will likely slip further behind.”
“The more advanced position of the UK economic cycle appears to be placing it on a more normally sloped and thus inflationary part of the Phillips curve. So by Q2, UK inflation is likely to have reasserted its relatively brisk pace, in our view.”