Inflation in the euro area continues to be a problem and the source of speculation in the market over the next step from the ECB.

The Producer Price Inex rose in March by 0.7% following 0.8% leap in February inline with expectations to an annual 6.7% rising from the previous and expected 6.6%. The ECB rate decision will be announced this Thursday and rates are expected steady at 1.25% as already the Flash Estimate for annual CPI inflation was reported at 2.8% above the previous and expected.