10:48 · 29 November 2022

Lower inflation in Spain. Is it good for euro?

EUR/USD
Forex
-
-

Yesterday we could hear a rather hawkish Christine Lagarde hinting at the need for further tightening. It is worth noting that inflation in the Eurozone remains clearly above 10%, so if inflation does not quickly fall below this level, the hawkish tone in the Eurozone can be expected to continue, although a "light" pivot was tried for a moment.

However, today's inflation in Spain surprises negatively. A reading of 6.8% y/y on expectations of a rebound to 7.4% y/y with the previous level of 7.3% y/y. The underlying rose slightly to 6.3 y/y from 6.2% y/y, but these are no longer as big increases as in the first half of this year. In view of this, attention will focus on today's data from Germany at 1 PM GMT. But if the inflation downward trend is confirmed, however, we may see a softening tone from the ECB. 

17 October 2025, 19:03

Daily summary: Trump remarks helps Wall Street 📈Precious metals decline

17 October 2025, 17:37

Fed's Musalem remarks on the US economy and tariffs🗽

17 October 2025, 12:37

The AI Fever: Bubble or Will It Keep Rising?

17 October 2025, 11:01

Cockroach fears cause stock market sell off, as we wait for clearer details

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world