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UBS On-Air: Paul Donovan Daily Audio 'Eight points down'
Published 1 year, 6 months ago
Description
Eurozone final May consumer price inflation is very unlikely to change from the initial report. At 2.6% y/y, the rate is above the ECB’s target, but rate cuts are still justified. Inflation has fallen eight percentage points from its high. The impact of that on real interest rates is significant.