ECB’s Lane: August inflation data is welcome but we need to see that continue

  • We do expect bumpiness in easing of energy, food inflation
  • Easing in services inflation helps limit narrative that tourism is keeping services inflation high

There’s still much to be desired for the ECB in terms of inflation developments surely. But it is all about what narrative that they want to be pushing out in September. Right now, they’re angling towards a pause so they will spin things any which way they can to try and do so.

This article was written by Justin Low at Source