Peter Vanden Houte, Chief Economist at ING, notes that the flash estimate for Eurozone HICP inflation came out at 2.1% in September, while the core inflation (excluding energy, food, alcohol and tobacco) surprised on the downside, falling back to 0.9%. Key Quotes “The 2% headline inflation remains pretty much an oil story. Energy prices increased 9.5% year on year on the back of higher oil prices and looking at the oil price dynamics over the past 12 months to assess the base effects; it’s very likely that energy will continue to keep headline inflation above core inflation for some time. If oil prices don’t ease, headline inflation might even remain above 2% until the second quarter of 2019.” “However, the European Central Bank looks through these temporary effects and pays more attention to the underlying price dynamics.” “We still believe the ECB will try to get rid of the negative interest rates by the end of 2019. But with the current core inflation figures, it is unlikely that the ECB is going to speed up its exit strategy.” 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 UK: Q2 GDP showed an unrevised gain of 0.4% q/q – TDS FX Street 4 years Peter Vanden Houte, Chief Economist at ING, notes that the flash estimate for Eurozone HICP inflation came out at 2.1% in September, while the core inflation (excluding energy, food, alcohol and tobacco) surprised on the downside, falling back to 0.9%. Key Quotes "The 2% headline inflation remains pretty much an oil story. Energy prices increased 9.5% year on year on the back of higher oil prices and looking at the oil price dynamics over the past 12 months to assess the base effects; it's very likely that energy will continue to keep headline inflation above core inflation for some time.… 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.
