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

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

Coupled with the lower than expected Eurozone unemployment rate, it just reaffirms the ECB’s wait and see stance. All else being equal, the ECB is done with the easing cycle already and the next move could actually be a rate hike, potentially in 2026.

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