Saxony November CPI +3.9% vs +4.5% y/y prior ...Middle East

The reading is out much earlier than expected, with the headlines captured by Reuters. The monthly reading shows a 0.3% decline in consumer prices. Put together with the other state readings, we might see German headline annual inflation come in between 2.9% and 3.2%, which is much lower than the 3.5% estimate and the 3.8% reading from October.That will be a welcome development for the ECB, although it could mean that we are one step closer to debating rate cuts. Dum dum dum. This article was written by Justin Low at www.forexlive.com.

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Saxony November CPI +3.9% vs +4.5% y/y prior ...Middle East

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