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