Inovalis Real Estate Investment Trust T.INO.UN

RE:Euro inflation unexpectedly slows to 2.4%

[flamingogold]

Correcting and elaborating on my previous comment....
"This should open the door to an ECB rate cut in June".

The US economy is much stronger than both Canada and Europe with the latter being the weakest. Central banks don't want to fall behind the inflation curve (ie. wait for below 2%) before moving on rates. With a Euro zone CPI of 2.4% which was below expectations, it sets the stage for a June 6th cut there. Their meeting next week on April 11 is too soon to move the rate down now. They will want to look at one more month of data first.

flamingogold wrote: This should open the door to a rate cut in June which is good news for REITS. What we don't want however, is that word "unexpectedly" to continue to make headlines as that would indicate a hard landing ahead. On the positive, the central bank does have the cushion in place to drop rates more than just 1/4 pt to combat it.

Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast