Ransquawk

At 11:00 markets got to know the final readings of the February consumer inflation for eurozone. The results comply with preliminary readings in terms of y/o/y and reached 2.0% (1.8% in January). Core inflation (which excludes energy prices) was still far from the targets of ECB, at 0.9% y/o/y.


In monthly terms, while you can see rebound from negative ceiling of 0.8% to 0.4%. As you can see in the chart below, inflation in Poland y/o/y ranks just below the average of the euro zone:

No reaction on currency pairs

As the final reading aligned with initial results, which we met in early March, on EUR didn’t appear any stronger reaction. EUR/USD gently corrects yesterday’s gains after the FOMC meeting, 1.0700, however zone 1.0700 provide support blocking more dynamic depreciation:

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