Pantheon Macroeconomics

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4th May 2023 14:51Eurozone, Daily Monitor

  • The ECB dials down the pace of rate hikes, but has further to go; we see two more 25bp hikes.
  • Turmoil in U.S. financial markets is the key downside risk to our call for further hikes.
  • The pace of QT on the APP portfolio will increase to €25B in July, in line with our expectations.

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Keywords for: 5 May 2023 Eurozone Monitor

ECB, May, u.s., financial markets, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence