Yeliz Akmaca 
Eurozone annual inflation data for July was released at 12:00. Market expectations had forecasted an annual CPI of 2%, the same as the previous month. Reaching the ECB’s 2% inflation target for the second consecutive month shows the bank’s success in tackling inflation. However, it also indicates that pressures on price stability have not fully disappeared.
Eurozone CPI: 2%
Expectations and Previous Data:
- Market Expectation: 2%
- Previous Month: 2%
Market uncertainty continues following the release; Bitcoin is trading at $113,800. Investors are closely monitoring ECB’s monetary policy decisions and global macro developments. These figures provide critical signals for the European Central Bank’s upcoming interest rate decisions. Persistent inflationary pressures increase the likelihood of continued tightening measures. These developments influence investor risk appetite and the price of assets like Bitcoin.
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