Pantheon Macroeconomics

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9th Dec 2022 15:15Eurozone, Daily Monitor

  • The ECB will lift its deposit and refinancing rates by 50bp this week, to 2.00% and 2.50%, respectively.
  • We see a higher ECB terminal rate than markets, but also think that rate cuts will come earlier, in H1-24.
  • QT will be unveiled this week, to begin in March; details will be sparse, but APP roll-off is most likely.

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Keywords for: 13 Dec 2022 Eurozone Monitor

ECB, rate cuts, refinancing, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence