市場還在押注厄爾尼諾，但天氣溢價隨時消失，而真正被市場忽略的，是一條已經因爲採購格局改變而提前啓動的交易鏈！厄爾尼諾的第一波衝擊究竟藏在哪裏？

ECB Governing Council member Makhloof said more information will be available in September.

An ECB survey published Friday shows euro-area inf expectations roughly unchanged over the past three months; prices are expected to fall sharply next year and return to the 2% target in 2028. The survey, used in ECB policy deliberations, forecasts average inf this year at 2.7% (unchanged), raises the 2027 forecast to 2.2% from 2.1%, and projects 2.0% for 2028. Most economists surveyed said inf may have neared its peak and would gradually decline toward the target sometime in 2027. Energy-driven costs have kept headline inf around 3% in recent months.