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15th Jul 2024 12:04EurozoneDaily Monitor

  • The ECB will likely open the door to further easing this week, teeing up a second rate cut, in September. 
  • Market expectations are converging on three cuts between now and March; the ECB is fine with this. 
  • One week ahead of the EZ Q2 GDP data, Nowcast models are subdued; we don’t buy them.

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Keywords for: 16 July 2024 Eurozone Monitor

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