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2nd May 2023 14:29Eurozone, Daily Monitor

  •  The ECB likely will hike by 25bp this week; we then see one more 25bp increase in June.
  • Core goods inflation is easing, but services inflation is still rising; base effects signal 6% over the summer.
  • The Q1 BLS was as grim as we feared, but will it spill over to the broader economic data in Q2?

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Keywords for: 3 May 2023 Eurozone Monitor

bls, ECB, goods inflation, May, q1, services inflation, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence