…otherwise these German inflation numbers would be worth watching. Inflation is running a good bit hotter than expected owing to rising fuel prices.
Trichet repeatedly hiked rates amid rising oil prices but the market expects his successor to remain focused on financial stability and look past a near-term rise in inflation.
Since Draghi is more laissez-faire regarding inflation in the near-term, the hotter inflation data is not the Euro positive it normally would be…
