Analysts at TD Securities expect the German inflation to stabilize 1.9% y/y in its flash reading (mkt: 1.9%).
Key Quotes
“Underpinning our forecast are higher gasoline prices along with a rebound in underlying price pressures, which recorded an outright m/m decline (SA) in August. The latter suggests some give back in September, but beyond this we are hesitant to call for further upside. ECB President Draghi gives a welcoming address to the ESRB conference at 2:30pm BST, and Praet speaks at 6pm BST.”
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