An increase of the indicator value may contribute to the rise in quotes of EUR.
EURRUB
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News EURRUB
A decrease of the indicator value may contribute to the fall in quotes of EUR.
In May, Spain's inflation rate decreased to 1.9%, falling below the European Central Bank's (ECB) target of 2%. This figure represents the lowest level in seven months. According to Bloomberg, this development sets the stage for a potential interest rate cut next week.
According to Reuters, economists expect Germany's inflation rate to continue declining in May and approach the European Central Bank's 2% target. However, data released on Friday presents an inconsistent picture across the country.
A Bloomberg survey indicates the European Central Bank (ECB) will cut interest rates twice more this year. However, respondents warn the cuts must not be spaced too far apart. Otherwise, markets may conclude the easing cycle has already ended.
Event announcement EURRUB
The RUB publication is expected
S&P Global Manufacturing PMI
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EURRUB economy
European Union
Russian Federation
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