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  • Markets are speculating about an ECB hike in 2026, as energy prices surge and EZ core inflation jumps…
  • …But we think the Bank will play it safe this month, opting to monitor the situation.
  • The war in Iran and rising February core inflation pull up our 2026 inflation forecast by 0.2pp, to 2.1%.

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Keywords for: 4 March 2026 Eurozone Monitor

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