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20th Dec 2022 15:06Eurozone, Daily Monitor

  • The EU’s new gas price cap is an insurance policy against further price surges; it will not lower prices...
  • ...As a result, its impact on inflation will be nil in the absence of a renewed jump in wholesale costs.
  • EZ current account data show that the EZ terms of trade shock from the war in Ukraine is easing, a bit.

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Keywords for: 21 Dec 2022 Eurozone Monitor

current account, energy, eu, policy, trade, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence