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13th Nov 2023 17:06EurozoneDaily Monitor

  • Falling EZ inflation and our call for policy rate cuts mean we do not expect faster ECB QT...
  • ...The Bank has pushed ahead with conflicting policies before, however, so the risk remain.
  • If we are wrong, the most likely rate of faster ECB balance-sheet shrinkage is tiny, just €30B per month.

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Keywords for: 14 November 2023 Eurozone Monitor

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