Assuming the ECB had become worried about
weaker core inflation dynamics at the end of last year, the February HICP report certainly did not help.
Not exact matches
Core inflation is
weak, but the Bank of Canada believes faster price increases are on the way.
We increasingly believe that the very
weak month - on - month prints we saw in
core inflation last spring will not be repeated, a view reinforced by signs of a rising rate of
inflation,» Mortimer - Lee said.
«
Core inflation remained
weak in March, so the bank will continue to stress its patient and persistent approach to monetary policy normalization,» she said.
Against this
weak growth background,
inflation has also remained quiescent, falling well short of BOJ Governor Kuroda's target of 2 % yoy growth in
core CPI
inflation.
In February the HICP fell by 0.1 % with
core inflation up by 0.1 % even the three - month pace of
inflation is below 1.5 % at 1.4 % with the
core pace even
weaker at 1.2 %.
After a run of
weak inflation reports stretching back several months, there was a slight uptick in the October reading of the Fed's favored
inflation measure, the
core personal consumption expenditures price index.
ECB staff projections will be revised lower again, partly reflecting concerns over
weaker economic momentum and
core inflation.
European mess,
weak US recovery, hospitalized Canadian manufacturing sector and under two «so - called»
core inflation.
Keep in mind, however, that the
core PCE price index due today could remind traders of
weaker inflation expectations.