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🇪🇺 The ECB hits neutral just as inflation jumps to 3.0% and Spain's consumers pull back
The day in view

🇪🇺 The ECB hits neutral just as inflation jumps to 3.0% and Spain's consumers pull back

Macro Soup Newsroom Macro Soup Newsroom 4 min read

ECB minutes from April 30 land as the deposit rate sits at 2.0% and Eurozone headline inflation re-accelerates to 3.0% on an energy shock. Spanish retail sales fell to +0.8% year-on-year from 4.1% in March. June is now a live decision.

Portrait of Christine Lagarde smiling with arms crossed, wearing a white tweed jacket and silver necklace.
ECB President Christine Lagarde outlined three conditions for safeguarding central bank independence in a speech on May 28. Source

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