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2021/06/25 / Erste Group Research

EZ - is inflation still rising?

Next week (June 30), a first flash estimate of Eurozone inflation for June will be published. In May, inflation rose to its highest level for the time being at 2.0% y/y. Since the upward pressure of energy prices should gradually ease, we expect headline inflation to slightly decline in June.

This week, we raised our inflation forecast for the Euro Area, partly due to higher energy price forecasts and stronger food price dynamics.

On June 15, the European Commission issued the first bond on behalf of the EU to finance the EU's recovery plan (Next Generation EU). It is very likely that the European Commission will become by far the largest net issuer of Eurobonds in the coming years. The offering will not only include different maturities, but also, for example, green bonds.

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General information

AuthorErste Group Research
Date2021/06/25
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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