Spain April Flash CPI Y/Y 2.2% vs 2.0% expected

• Spain April Flash CPI Y/Y 2.2% vs 2.0% expected
• Prior 2.3%
• Core CPI Y/Y 2.4% vs 2.0% prior

Higher than expected figures although they haven’t influenced much interest rates expectations for the ECB, which is expected to cut by another 25 bps in June.

This article was written by Giuseppe Dellamotta at www.forexlive.com.