At 11:00 (GMT+2), July data on the producer price index in the eurozone countries will be presented: it is one of the main indicators of the level of inflation in the country and determines the change in prices of goods and raw materials sold by producers, and also has a significant impact on the decisions of central banks on monetary policy. The annualized rate is expected to decline from 0.6% to 0.3%, and the monthly rate from 0.8% to 0.1%. The realization of the forecast will increase the likelihood that the European Central Bank (ECB) will keep its interest rate unchanged in the short term.
