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2nd Mar 2023 16:25Eurozone, Daily Monitor

  • The surge in February EZ core inflation suggests the ECB will hike by 50bp in both March and May.
  • ECB hawks can also add still-resilient labour market data to their case for further strong hike calls.
  • We are bumping up our forecast for May’s rate hike, and look for a terminal deposit rate of 3.75% in June.

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Keywords for: 3 Mar 2023 Eurozone Monitor

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