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7th Dec 2023 18:46Eurozone, Weekly Monitor

  • The ECB will keep rates and the pace of QT unchanged this week; all eyes on the new forecasts.
  • We think the ECB will lower its 2024 inflation forecast by 0.5pp, to 2.7%, and we look for 2.0% in 2026.
  • The consensus now expects the first ECB rate cut in June next year; we still believe March is a good bet.

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Keywords for: 11 December 2023 Eurozone Monitor

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