UBS On-Air: Paul Donovan Daily Audio 'The (dis) inflation cycle starts again'
UBS On-Air: Market Moves · Podcast owner
August 29, 20241m 48s
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Show Notes
The cycle of European consumer price inflation data is about to start again (in reality, this is pretty much a perpetual cycle). The Spanish and German preliminary August numbers are due today. Both are expected to show a fairly sizable decline. That means, of course, that real interest rates are rising. The ECB should continue to chase inflation down, not to offer policy stimulus but to maintain policy stability.