Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Services Inflation Is the ECB's Next Test
The European Central Bank is facing a fresh challenge: services inflation across the eurozone is proving stubbornly sticky, even as energy prices cool and goods inflation eases. In this episode, Lucas and Luna dig into the latest data, from the July PMI reading to the ECB's own projections, and explain why services prices aren't coming down as fast as policymakers hoped. They look at the role of wage growth, the variation between countries like Germany and Spain, and what this means for the ECB's next rate decision. With the trade-weighted dollar dipping and the euro holding at…
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