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8th Aug 2023 20:11Eurozone, Daily Monitor

  • We see a meaningful Q2 growth acceleration in the ECB’s favoured wage-growth indicators.
  • Expectations will likely shift to a September ECB hike following the negotiated wage data on August 22.
  • Italy’s windfall tax on banks is political posturing; it offers the government little budgetary relief.

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Keywords for: 10 August 2023 Eurozone Monitor

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