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15th Jun 2023 17:24Eurozone, Daily Monitor

  • The ECB just talked itself into two more rate hikes; we now see a terminal deposit rate of 4.0%.
  • We think the ECB's new inflation forecasts for 2024 are much too high; they will come down in Q4.
  • A tight labour market and rapid wage growth are now a major concern for the ECB.

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Keywords for: 16 June 2023 Eurozone Monitor The ECB is on Track for Two More Rate Hikes This Year

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