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8th Nov 2023 21:19EurozoneDaily Monitor

  •  The central message from ECB policymakers is still that interest rates won’t be lowered any time soon...
  • ...but we still see a path to a first rate cut in March, as core inflation undershoots the ECB’s forecasts.
  • Sticky wage growth and rising unit labour costs are the main threats to our forecasts for cuts in H1 2024.

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Keywords for: 10 November 2023 Eurozone Monitor

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