Euro area unemployment has remained stubbornly high at 12.1 per cent in March. The Eurozone jobless rate is now at its highest since records began in 1995.
Inflation - measured by the consumer price index - dropped to an October 2010 low of 1.2 per cent. A slowdown in price inflation from 1.7 per cent to 1.6 per cent was anticipated. Many consider a rate cut by the European Central Bank to be all but guaranteed at this point.
Now you would say that an ECB rate cut should be fully priced in
— World First (@World_First) April 30, 2013