Analysts at Nomura point out that the flash euro area HICP inflation for October increased to 2.2% y-o-y from 2.1% y-o-y in September and was in line with the consensus. Key Quotes “The core rate also climbed to 1.1% y-o-y in October from 0.9% y-o-y in September and was in line with the consensus.” “We believe core inflation will accelerate further supported by a pick up in wage growth and higher inflation expectations.” “When it comes to the ECB, it is worth noting there are some downside risks to the ECB’s staff growth projection, which will be released in December. Q3 economic growth slowed to 0.2% q-o-q from 0.4% in Q2 with recent survey data also having weakened. However, we do not expect the ECB to lower its inflation projections materially as the data are on course so far. Therefore, we believe the ECB will stick with its expectation to end asset purchases in December and will not change its forward guidance at the next meeting.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin has penetrated institutional segment, Morgan Stanely says FX Street 4 years Analysts at Nomura point out that the flash euro area HICP inflation for October increased to 2.2% y-o-y from 2.1% y-o-y in September and was in line with the consensus. Key Quotes "The core rate also climbed to 1.1% y-o-y in October from 0.9% y-o-y in September and was in line with the consensus." "We believe core inflation will accelerate further supported by a pick up in wage growth and higher inflation expectations." "When it comes to the ECB, it is worth noting there are some downside risks to the ECB's staff growth projection, which will be released in December.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
