Too early to say if this will alter the European Central Bank’s rate outlook
30 November 2022
Finally some slowing inflation numbers come out of the Eurozone with CPI across the region recording a 10% year-on-year advance versus 10.6% last month and against estimates of a 10.4% advance. This came about principally through softer energy costs. While it might be too premature to call a victory over surging inflation, the direction and delta of travel is positive at least. It is probably too early to say if this will alter the European Central Bank’s rate outlook due in a few weeks’ time with core inflation remaining stubbornly sticky.
Important legal information
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is not an indicator for the current or future development.
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is not an indicator for the current or future development.