Policymakers at the ECB won’t read too much into the drop in headline inflation in March and will be more concerned that the core rate hit a new record high. So March’s consumer price data will do nothing to change their view that more rate hikes will be necessary to bring inflation down to the 2% target.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.