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1st Jun 2023 14:38Eurozone, Daily Monitor

  • Core inflation in the EZ is now being pulled lower by disinflation in goods; services will follow later.
  • The EZ inflation data support our call that the ECB will end its hiking cycle in July.
  • Punchy wage growth won’t keep the ECB hiking beyond July, but it is an upside risk for rates in 2024.

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disinflation ECB ez ez inflation growth inflation wage growth

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Keywords for: 2 June 2023 Eurozone Monitor

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