European Central Bank policymaker Nagel said that the tightening cycle will continue since core inflation remains very high while policymakers Holzmann and Kazaks spoke about the potential for a 50-bps hike in May.
Germany’s March WPI 0.2% m/m (expected 2.5%; last 0.1%); 2.0% yr/yr (expected 4.4%; last 8.9%)
France’s March CPI 0.7% m/m (expected 0.8%; last 1.1%); 5.7% yr/yr (expected 5.6%; last 6.3%)
Spain’s March CPI 0.4% m/m, as expected (last 0.9%); 3.3% yr/yr, as expected (last 6.0%)
Swiss March PPI 0.2% m/m, as expected (last -0.2%); 2.1% yr/yr (expected 2.9%; last 2.7%)