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9th Nov 2022 16:38Eurozone, Daily Monitor

  • Economists’ forecasts for ECB policy rates beyond Q1 next year lack imagination, for good reason.
  • A solid labour market and fiscal stimulus support the ECB’s sustained departure from the zero bound.
  • Our new forecasts see a medium-term ECB policy rate at 1.8-to 2.0%, pointing to cuts in H1-2024.

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ECB ecb policy fiscal stimulus forecasts labour labour market policy policy rates q1

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Keywords for: 10 Nov 2022 Eurozone Monitor

ECB, ecb policy, fiscal stimulus, forecasts, labour, labour market, policy, policy rates, q1, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence