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UBS On-Air: Paul Donovan Daily Audio 'Disinflationary tendencies'
Published 1 year, 5 months ago
Description
Germany and Spain offer July inflation data. German data is expected to be stable. That puts it within a reasonable range around the ECB’s 2% target. Spanish data is expected to slow, though somewhat further away from the target level. However, the extent of disinflation recently is truly remarkable—German inflation has fallen over nine percentage points in less than two years, and Spanish inflation has fallen over seven percentage points.