Greece Consumer Price Index (YoY) unchanged at 2.5% in January

💡 DMK Insight

Greece’s CPI holding steady at 2.5% is a mixed bag for traders: On one hand, it signals stability in consumer prices, which could ease concerns about inflation spiraling out of control. This steadiness might encourage the ECB to maintain its current monetary policy, impacting euro pairs. However, with inflation still above target, any signs of economic weakness could prompt a shift in strategy. Traders should keep an eye on related assets like Greek bonds and the euro, especially if upcoming economic data shows divergence from this CPI reading. Look for technical levels around the EUR/USD pair; if it breaks below recent support, it could signal bearish sentiment. Conversely, a strong bounce could indicate renewed confidence in the eurozone economy. Watch for the next ECB meeting for potential policy shifts that could ripple through forex markets.