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25th Oct 2023 19:38Eurozone, Daily Monitor

  • The ECB held fire as expected, repeating the signal that rates are set to stay high-for-longer...
  • ...But we see three dovish elements in Ms. Lagarde’s comments yesterday, hinting at a subtle shift.
  • We still think the data will prompt the ECB to start cutting rates in March, sooner than markets expect.

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Keywords for: 27 October 2023 Eurozone Monitor

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