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21st Jul 2025 07:29EurozoneWeekly Monitor

  • The ECB will keep its powder dry this week, waiting for the September forecasts to decide its next move. 
  • The range of forecasts for the ECB’s policy rate next year has widened significantly. 
    We still see the deposit rate falling below 2% this year, setting up hikes by the end of 2026. 

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Keywords for: 22 July 2025 Eurozone Monitor

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