Pantheon Macroeconomics

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15th Mar 2022 00:10Eurozone, Daily Monitor

  • We grasp the nettle on our faulty energy inflation forecasts, and try a new approach.
  • Our new model sees near-term upside risks for energy inflation, but downside risks next year.
  • We now think the ECB will take the deposit rate to zero this year, before pausing in 2023.

core inflation core rate deposit rate disinflation downside risks ECB electricity energy energy inflation energy prices eu euro euro area ez core ez headline ez inflation futures prices gas prices headline inflation hicp oil oil prices qe September

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Keywords for: The ECB to Tighten Hard in 22, Before Applying the Brakes in 23

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