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19th Oct 2023 18:18Eurozone, Weekly Monitor

  • The ECB will take a breather this week; rates will be held steady and the September guidance will persist.
  • We continue to think the ECB will cut rates sooner than markets and the consensus expect in 2024.
  • Investor sentiment and the savings-adjusted M1 money supply growth point to a rebound in the PMIs.

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Keywords for: 23 October 2023 Eurozone Monitor

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