Home Eurozone: Coronavirus to take its toll on the inflation – Danske Bank
FXStreet News

Eurozone: Coronavirus to take its toll on the inflation – Danske Bank

Analysts at Danske Bank take a look at how the coronavirus crisis is affecting the euro inflation outlook.

Key quotes

“A sharp drop in the oil price and significant price decreases in clothing and footwear as well as travel-related items are set to take their toll on the euro inflation outlook in the short term and we expect core inflation to average now only 0.7% in 2020.”

“We do not expect announced fiscal and monetary measures to result in a marked inflationary boost for the euro area economy.”

 

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.