EUROZONE CORE CPI YoY FLASH ACTUAL 5.6% (FORECAST 5.3%, PREV 5.3%)
The ECB is clearly trapped. Rising rates to hide monetizing public debt... works out quite well, except of inflation and falling productivity as the consequence.
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EUROZONE CORE CPI YoY FLASH ACTUAL 5.6% (FORECAST 5.3%, PREV 5.3%)
The ECB is clearly trapped. Rising rates to hide monetizing public debt... works out quite well, except of inflation and falling productivity as the consequence.
I love the CNBC US headline this morning: Euro zone inflation softens to 8.5%..." Then I read the article. Ridiculous.
Gaslighting at all channels. Looks like the death spiral is accelerating