Inflation surges in #eurosone increasing pressure on #ECB to cut stimulus 

Ketan Deshpande MN

Eurozone-ketan-deshpande-Minnesota-MN

Will #ECB cut lavish stimulus

#eurozone saw #Inflation undershoot the predictions, on April 28th a wide variety of economic indicators pointed to this trend which continues to build pressure on #ECB to cut stimulus plans as early as June.

Until now #ECB has kept the lavish stimulus plans and have also indicated more easing. Markets are expecting #ECB to roll back the stimulus based on the growth in inflation and other economic indicators such as price indicator, which blew past expectations to hit a 3 year high.

Household lending rose to its best rate sin the global financial crisis while a measure of money in circulation, an indicator of coming economic activity, also jumped, suggesting that overall growth may be stronger than expected. Still, the inflation figures were influenced by one-off factors — including Easter spending — so the ECB will probably maintain its plan to move only in increments…

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