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5th May 2022 00:10Eurozone, Daily Monitor

Hawkish comments from Isabel Schnabel seal the deal on a July rate hike, probably by 25bp.

Germany’s nominal trade surplus plunged in March, due mainly to a collapse in exports to Russia.

Retail sales in the Eurozone are flatlining, due almost exclusively to soaring prices.

consumption growth deposit rate ECB employment energy exports fuel gdp growth imports inflation picture July March net exports net trade nominal trade surplus oil q4 qe rate hike real consumption recessions retail sales russia savings September trade trade surplus us

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Keywords for: We Now Think the ECB will Lift its Deposit Rate in July, by 25bp

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