Pantheon Macroeconomics

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19th Apr 2023 15:11Eurozone, Daily Monitor

  • EZ core inflation will remain around 5.5% through August, indicating that the ECB has more work to do.
  • We look for a final 50bp hike in May; risks to this call are tilted towards two 25bp hikes, in May and June.
  • Construction output in the EZ jumped in Q1, much better than the message from the surveys.

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Keywords for: 20 Apr 2023 Eurozone Monitor

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