Eurozone May preliminary CPI +1.9% vs +2.0% y/y expected

• Prior +2.2%
• Core CPI +2.4% vs +2.5% y/y expected
• Prior +2.7%

Headline annual inflation in the euro area dips back under the 2% level with core annual inflation also seen easing further on the month. That just supports rate cut bets by the ECB and will not make it complicated for policymakers to deliver another one on Thursday this week.

This article was written by Justin Low at www.forexlive.com.