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🇪🇺 Eurozone inflation cools to 2.8%, but Lagarde's Sintra playbook still points to a July hike
The day in view

🇪🇺 Eurozone inflation cools to 2.8%, but Lagarde's Sintra playbook still points to a July hike

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Eurozone headline inflation fell to 2.8% year-over-year in June, undercutting the 3.0% forecast. Christine Lagarde's Sintra remarks still keep a July rate hike in play despite the soft print.

Line chart of Brent crude oil prices in euros from mid-2025 to June 2026, with a red arrow highlighting a recent decline.
Christophe Barraud's proxies flag energy prices, calendar effects and French promotions as drivers of a likely downside surprise in Eurozone June CPI. Source

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