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16th Jan 2024 19:05Eurozone, Daily Monitor

  • The ECB is not happy with market expectations for a spring rate cut but is fine with June.
  • If our forecast for inflation to fall below 2% by February is right, the ECB will cut in March.
  • Plunging PPI points to downside risks to services inflation, but the output price PMI is still high.

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Keywords for: 18 January 2024 Eurozone Monitor

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