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24th Feb 2023 16:46Eurozone, Daily Monitor

  • M1 fell outright in February and points to downside risks to our EZ GDP forecasts.
  • We suspect some of the fall is due to households running down pandemic excess savings.
  • Lending growth will continue to slow; banks are not yet tightening standards because of ECB policy.

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Keywords for: 28 Feb 2023 Eurozone Monitor

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