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30th Jul 2024 10:02EurozoneDaily Monitor

  • Inflation was slightly hotter than we expected in July but is still on track for a sharp fall in August. 
  • Disinflation in core goods and food will reverse soon, creating a challenge for the ECB in Q4. 
  • We still see an ECB rate cut in September, but no longer in December; we now have two cuts in H1-25. 

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Keywords for: 1 August 2024 Eurozone Monitor

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