France February final CPI +0.9% vs +1.0% y/y prelim

[Forex News]

• Prior +0.3%
• HICP +1.1% vs +1.1% y/y prelim
• Prior +0.4%

The HICP is the more important measure as that's what the ECB targets. The final figure matches the preliminary estimate, so there's nothing to see here.

The data hasn't been much of importance for the market anyway as the focus remains on the US-Iran war and the disruption in the Strait of Hormuz which is keeping oil prices elevated.

The market is pricing in two rate hikes for the ECB by year-end. In my opinion, these expectations are overblown as that would just increase the pressure on stock markets, tighten financial conditions further and exacerbate the negative impact on the broader economy.

This article was written by Giuseppe Dellamotta at investinglive.com.

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