🏦🔺 Europe Now Overshoots Central Bank Target Inflation The Most: Cable FX Macro
- Rosbel Durán
- Oct 5, 2022
- 1 min read
**As seen in Macro Walk report 09/30/22, subscribe at cablefxm.co.uk/reports
Eurozone's inflation figures were released in Friday, the consumer prices gauge saw another record as the September flash reading jumped above the double-digit mark
Eurozone Sept. headline inflation is now at 10% Y/y, this is 8pp above the ECB's target of 2% and stands as the largest overshoot in the G10
The U.K. follows closely as prices stand 7.9pp above the BoE's target
The Bloomberg composite forecast sees eurozone 2022 prices rising 8.2% in 2022, while the U.K. forecast expects inflation to end the year at 9.0%
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