Italy July preliminary CPI (HICP) +1.7% vs +1.6% y/y expected

• Prior +1.8%
• CPI Y/Y +1.7% vs +1.5% anticipated
• Prior +1.7%

Coupled with the decrease than anticipated Eurozone unemployment charge, it simply reaffirms the ECB’s wait and see stance. All else being equal, the ECB is finished with the easing cycle already and the following transfer may really be a charge hike, doubtlessly in 2026.

This text was written by Giuseppe Dellamotta at investinglive.com.



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