Eurozone February CPI yy final 1.1 % vs 1.2% exp

Eurozone February CPI data now out 16 March

• 1.3% flash
• mm 0.2% as exp/prev
• Core CPI yy 1.0% as exp/prev
• Q4 labour costs yy 1.5% vs 1.6% prev

Softer headline helping to push EURUSD back down to 1.2318

Core CPI steady but this final release will do nothing to calm ECB lack-of-inflation fears.