statementSaid on 2026-11-02
Average inflation in the eurozone over the last 5 years was 4.3%, and since K. Lagarde's arrival 3.5%, which is significantly above the 2% target; at its peak annual inflation reached 10.6%.
A statement by truecon, said on 2026-11-02. Statements are as reported by the cited publishers — not verified by DecisionGateway.
Средняя инфляция в еврозоне за последние 5 лет составила 4.3%, с момента прихода К.Лагард 3.5%, что значимо выше цели 2%.
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The average rate over the last 5 years was <2.5%, the real rate about -1.8%, which is far below estimates of the neutral real rate (R*), which in the eurozone are around 0-0.25% — in the dominant view policy remained extremely loose.truecon · statementInflation has remained above target for almost six years, and the target is exactly 2% PCE, not 'somewhat above two'.Ворш · statementInflation expectations over the 5-to-10-year range fell to +3.4% versus an estimate of +3.5% and a previous +3.5%.analisisbankinter · statementInflation expectations declined slightly but remain high: 4.3% for one year and 3.4% for five years; overall, everything points to the Fed having to raise rates in December.truecon · predictionCore inflation (year-on-year) was +2.5%, the same as the previous reading.analisisbankinter · statementEurozone CPI rose to +4.0% from +3.8%, increasing the expectation of a 25 bp ECB rate hike to 2.75%/2.90% (Deposit/Lending) at its next meeting.analisisbankinter · prediction
More claims by truecon
Inflation expectations declined slightly but remain high: 4.3% for one year and 3.4% for five years; overall, everything points to the Fed having to raise rates in December.predictionThe financial conditions index is at extremely comfortable levels, the financial stress index likewise, and the key rate can hardly be characterized as tight.statementHourly wage growth accelerated slightly to 0.4% m/m and 3.1% y/y; weekly jobless claims were only 189 thousand, and the number of Americans on benefits was about 1.7 million — lows since 2023.statementThe number of open vacancies rose to 7.5 million, and the ratio of vacancies to unemployed rose to 1.06.statementThe unemployment rate fell to 4.1%, the labor force participation rate rose to 61.9%, and the employment-to-population ratio rose to 59.3% — all indicators improved by 0.1 percentage points over the month.statement
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