Under inflation stall, the euro area interest rate hike expects to increase the yield of 10 -year German debt, touching the three -week high
Reading volume: In the early morning of Tuesday (May 31st) in European transactions, the yields of government bonds in the euro zone generally increased. The yield rose exceeded 13 basis points to%, and the spread between the German debt was 200 basis points. Xinhua Finance, Beijing, May 31st (Shi Ke) European trading period on Tuesday (May 31) In the early morning, the yield of national bonds in the euro zone generally rose. It rose nearly 8 basis points; during the same period, the yield of the debt of the debt rose exceeded 13 basis points to%, and the difference between the German debt was 200 basis points.
The latest data shows that data released on May 31, local time of the EU Statistical Bureau, shows that the initial valuation of the consumer price index (HICP) in the euro zone (19 countries) increased by%year -on -year, higher than the April%, and refreshed the record again. And higher than the previous market expectations, a percentage point. The core inflation increase in removing food and energy factors in the month also increased a percentage point over the median value of last month and market expectations.
On the last trading day, the May Consumer Price Index (CPI) announced by the German Federal Statistics Bureau increased by%year -on -year, which was higher than the expected medium -worth percentage points of the previous market survey economists; Most experts predict that they fall as a decline, which is%, which will exceed the level of last month again.
HICP, which is calculated by the euro area, has exceeded the median and percentage points of the market expectations year -on -year, respectively.
Compared with the same period last year, energy prices rose%, and food prices rose%. Market analysis pointed out that the main reason for promoting the rising euro zone is the rise in food prices and the rebound of energy costs. The agency commented on this point that the euro zone’s inflation in May has reached a record high again, which makes the European Central Bank a significant reason to raise interest rates. Because the increase in prices continues to expand, it indicates that it is no longer just energy to drive the overall data. In the past year, prices across Europe have risen sharply, which was originally due to the supply chain problem after the epidemic. Later, it was due to the Russian and Ukraine conflict. This shows that a new era of rapid growth is eliminating the level of ultra -low inflation in 10 years. The market has increased the betting interest rate hikes on the European Central Bank on Tuesday. It is expected that the European Central Bank will raise interest rate hikes 115 basis points by the end of the year. Previously, this expectation was 110 basis points.
The European Central Bank Management Commission Kazimir said that it is expected that the Central Bank will raise interest rate hikes 25 basis points in July, but considering the record of record, the European Central Bank may discuss 50 basis points in September. He said that the European Central Bank needs about 200 basis interest rate hikes to reach a neutral level, but editor: Wang Jing stated: Xinhua Finance’s national financial information platform undertaken by Xinhua News Agency.
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