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Euro Area inflation continued to slow down in February. Economists at Nordea continue to expect the first rate cut in June
Euro Area headline inflation slowed down to 2.6% (2.8% in January) and core inflation to 3.1% (3.3%) in February.
Given the new inflation numbers and our view on a gradually cooler labour market we continue to expect the ECB to start cutting rates in June. The chances that rates would be cut earlier are rather small after today’s inflation numbers but on the other hand, the ECB has to be rather hawkish not to see the fading inflationary trends and weak macro picture and to delay the cuts even further.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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