Live Updates > Live Update Details
2026-05-29 22:58:55
[S&P: Softening German Inflation Casts Uncertainty Over Future ECB Rate Hikes] Timo Klein of S&P Global Markets Intelligence stated in a report that after weaker-than-expected May data, German inflation is now more likely to peak at around 3.5% by the end of 2026, rather than 4.0%. Overall inflation fell to 2.6% in May from 2.9% in April. "While fuel tax rebates were a key factor, food, hotel, and restaurant prices also unexpectedly declined," he said. Klein stated that while the ECB is expected to tighten monetary policy at its next meeting in June, the expectation of a subsequent 25 basis point rate hike in July is less certain. He added that further moves will depend on the Middle East war and the upcoming Eurozone inflation data for May and June.
