Jump to content
House Price Crash Forum
Sign in to follow this  

Inflation Accelerates In The Eurozone

Recommended Posts


Consumer-price inflation in the 12 nation region quickened to the fastest pace since October, after reports yesterday showed French consumer prices in May rose at the fastest pace since September and Italian inflation matched the quickest since November. Futures traders added to bets the European Central Bank will raise interest rates twice more this year.

``The economy seems to be growing at a moderate pace, and inflation is still stubbornly above 2 percent,'' said Nick Stamenkovic, a fixed-income strategist at RIA Capital Markets in Edinburgh. ``I'm penciling the next rate hike to be in August.''

The next rate rise will almost certainly come ahead of the normal three month interval. The first three rate rises have had no effect on Ireland and Spain - the next three will though.

With a general election coming in 07 for Ireland, I am expecting government politicians to start complaining soon - "It's not us see, it's the ECB that's the problem", then we will know the game is up.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 308 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.