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28th Dec 2023 12:24Eurozone, Weekly Monitor

  • Markets think the ECB will cut rates in March, as do we; inflation below 2% by February should do it.
  • Energy prices are the key wildcard for headline inflation in Q1; so far the trend looks benign.
  • In the core, non-energy goods inflation is about to collapse, but services inflation is still sticky.

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Keywords for: 2 January 2024 Eurozone Monitor

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