Expected today for the ECB to tighten after yesterday's Fed. Frankfurt in the second half of 2022 raised rates by 2.5 percentage points in an attempt to appease the race in prices, which shot up to 10.6% in October.
Eurostat's flash estimate for Euroland indicates inflation falling from +9.2% in December to +8.5% in January, still four times higher than the Eurotower's 2% target.
Precisely for this reason, the wait is for a new rise in interest rates: analysts are betting on a 0.50% increase, followed by at least another tightening of the same size in March.
An ECB therefore hawkish even in the face of a labor market that is proving to be resilient.
The seasonally adjusted unemployment rate remained unchanged at 6.6% in December, the lowest since 1995.
