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2nd Mar 2025 21:13EurozoneDaily Monitor

  • The ECB will cut its policy rates by 25bp, but the argument for further easing is now much tougher. 
  • February inflation data mean the ECB’s forecast for Q2 inflation at 2.1% is now a Hail Mary. 
  • ECB doves will focus on downside risks to growth and employment from tariffs; they have a point.

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Keywords for: 4 March 2025 Eurozone Monitor

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