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22nd Jan 2024 12:43EurozoneDaily Monitor

  • This week the ECB will continue to push back against expectations of a rate cut in the first half of 2024...
  • ...But the central bank is now happy to underwrite the consensus position of a rate cut by summer.
  • We still see the ECB cutting by March, as January and February HICP surprise to the downside.

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Keywords for: 23 January 2024 Eurozone Monitor

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