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🇪🇺❗️EU Aug. Inflation Comes Above Estimates

  • Eurozone August headline inflation printed at 9.1% Y/y, above market consensus of 9.0%

  • The core figure accelerated to 4.3% Y/y from 4.0%, above estimates of 4.0%.

  • After the release, we have heard several desks marking up their calls for the next ECB rate move to 75bps, Goldman Sachs, BofA, UBS expect a rate rise of this magnitude next week.


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