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19th Jul 2022 14:33Eurozone, Daily Monitor

We think the ECB will raise its depo-rate by 25bp this week, to -0.25%; a 50bp hike would not be a shock.

The ECB’s new anti-fragmentation tool probably won’t be unveiled in full this week.

Output in euro area construction fell in Q2, but it was only a minor drag on GDP growth.

Bund yields civil engineering construction construction pmi core inflation deposit rate ECB eu euribor euro euro area eurostat EZ construction ez core gdp growth germany inflation forecast italy July June markit monetary policy new orders new orders index pmi policy q2 q3 rate hike refinancing reuters spain us yields

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