ECB still faces inflation and output challenges

Tuesday 31st January 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABSpain’s inflation numbers provided an unpleasant surprise – core inflation has risen to 7.5%. Meanwhile Germany saw GDP fall in Q4 (QonQ). If these numbers are mirrored across Europe the cocktail of rising inflation and falling output is a challenging one for the ECB. NAB’s Taylor Nugent is asked if we should start talking about stagflation again. Also today we get to see the size of China’s post-lockdown bounce back, the impact of early Christmas shopping on Australia’s December retail numbers and, importantly, ahead of the FOMC, the wage price index for the US. Hosted on Acast. See acast.com/privacy for more information.