Eurozone: Flash June CPI expected to be mixed - BBH

In the Eurozone, the flash June CPI reading is expected to be mixed as the headline rate is expected to continue to pull back after reaching 2% in February and sending hawks a flutter.  

Key Quotes

“After a 1.4% year-over-year reading in May, the pace is expected to have slowed to 1.2%.  On the other hand, the core rate may have ticked up to 1.0% from 0.9%.  We continue to expect the ECB to announce at the September meeting its plans to slow the 60 bln euro purchases and extend them into the first part of next year.”