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🏦🔺 Europe Now Overshoots Central Bank Target Inflation The Most: Cable FX Macro

**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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