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30th Aug 2023 16:59Eurozone, Daily Monitor

  • EZ inflation held steady in August, above consensus, but core inflation fell in line with expectations.
  • ECB doves will focus on the fall in services inflation; hawks will focus on still-high core inflation overall.
  • We continue to expect another, final, policy rate hike next month, taking the deposit rate to 4%.

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Keywords for: 1 September 2023 Eurozone Monitor

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