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18th Jul 2023 20:27Eurozone, Daily Monitor

  • Bond markets are cheering a dovish shift from Klaas Knot, but the September meeting is still live.
  • Energy deflation will persist through early 2024; food inflation will slide to 1.5% by Q1.
  • Core inflation has peaked, and we still see it falling more quickly than the ECB in Q4.

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Keywords for: 20 July 2023 Eurozone Monitor

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