Eurozone Inflation Decline Undermines ECB Hawks

The video discusses recent positive economic data from Europe, highlighting strong employment figures in Germany and Spain, and robust PMI readings. However, this growth has not yet translated into increased inflation, which the ECB anticipates will happen this year. The discussion covers potential wage gains that could drive inflation and the ECB's policy normalization. The video concludes with an analysis of the euro's market performance, suggesting it will improve but not as significantly as the previous year due to ongoing uncertainty.

What factors contribute to the uncertainty in the euro's performance compared to last year?

What is the expected impact of inflation on the euro this year?