It must have been a disappointment for those who had expected an exciting and action-loaded ECB meeting today. In fact, the ECB did not do anything. Interest rates remain on hold and any possible new unconventional measures were left safely stored in the closet. ECB president Mario Draghi himself had stirred the expectations for today’s […]
ECB Can’t Get No, Satisfaction, From The German, CPI Data…
Inflationary pressure in Germany remains low. Based on the results of several regional states, German headline inflation increased to 1.4% YoY in December, from 1.3% in November. On the month, German prices increased by 0.4% MoM. Based on the harmonised European definition (HICP), headline inflation decreased to 1.2%, from 1.6% in November. On the month, […]
Bah! Humbug! German New Orders Disappoint
Still zig-zagging. Festive cheer is lacking as new figures show German new orders disappointed in October, dropping by 2.2% MoM, from a 3.1% increase in September. On the year, new orders are still up by 1.9%. The drop was broadly driven by weaker foreign and domestic demand. German new orders have been on a zig-zag […]
