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UBS On-Air: Paul Donovan Daily Audio 'Cutting rates'
Published 1 year, 2 months ago
Description
German September producer prices are expected to stay in deflation (this is not a surprise, they have been in deflation for over a year). While other factors will add noise to consumer price data, producer prices are a better reflection of corporate pricing power. The deflation signals should secure expectations for further rate cuts from the ECB.