German inflation remains a bit of a sticking point for the ECB. But at this point, the central bank can be thankful for a softening economic backdrop to reinforce their position on rate cuts. Core annual inflation in Germany was seen at 2.6% in March, so that will be again the key estimate to watch out for later in the day.
Here’s the agenda for today:
- 0800 GMT – North Rhine Westphalia
- 0800 GMT – Hesse
- 0800 GMT – Bavaria
- 0800 GMT – Baden Wuerttemberg
- 0800 GMT – Saxony
- 1200 GMT – Germany national preliminary figures
Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.
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