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3rd Jun 2024 11:04EurozoneDaily Monitor

  • The ECB will cut its policy rate by 25bp this week, but the communication will be hawkish.
  • How does the ECB stay open to further easing without pre-committing to cuts? We’re about to find out.
  • We see little change to the ECB’s near-term inflation forecasts, assuming it is omitting the May HICP.

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Keywords for: 4 June 2024 Eurozone Monitor

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