Eurozone HICP Preview: Forecasts from four major banks, sharp drop in inflation Eurozone Inflation EURUSD Macroeconomics Banks
Harmonised Index of Consumer Prices data for May on Thursday, June 1 at 09:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of four major banks regarding the upcoming EU inflation print.
for two further 25 bps hikes from the ECB at its next meetings, bringing its terminal rate to 3.75%.”“We expect the May inflation data to deliver another massive decline in headline inflation from 7% yoy in April to 6% in May. Meanwhile, we think easing goods inflation will help core inflation fall from 5.6% to 5.5%, with a downside risk of 5.4% – which is set to increase the pressure on the ECB to do more rate hikes.
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