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19th Mar 2024 17:49Eurozone, Daily Monitor

  • It’s a close call, but we think the SNB will hold fire at today’s meeting and first cut in June instead.
  • Risks are tilted towards a rate cut today; markets are pricing in 40% probability of a move.
  • mItalian industrial production started the year on a weak footing, but EZ construction is holding up.

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Keywords for: 21 March 2024 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence