German inflation is good news for ECB hawks
German inflation accelerated in November and will strengthen opposition against a 50bp rate cut
The just-released flash estimate of German inflation in November wraps up a good day for the ECB hawks. With headline inflation accelerating and economic sentiment stabilising, opposition against a 50bp rate cut at the December meeting will grow stronger.
German headline inflation came in at 2.2% year-on-year, up from 2.0% YoY in October. Back in September, headline inflation was still at 1.6% YoY, The European inflation measure came in at 2.4% YoY, unchanged from October.
CATEGORIES Germany
TAGS Germany A Berlin
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