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13th Mar 2024 18:21Eurozone, Daily Monitor

  • Inflation at 3% in Q2 likely will prevent ECB easing in June; a 50-to-75bp cut would need inflation at 2%. 
  •  Sticky wage growth remains a risk to ECB cuts, but we think the Q1 numbers will play ball. 
  •  It would require significant outliers in the non-HICP numbers for the ECB’s near-term path to change.

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Keywords for: 15 March 2024 Eurozone Monitor

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