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2019/10/25 / Erste Group Research

Week Ahead | US interest rate fantasy should run out of steam

Next week, the next rate cut in the USA is likely to take place. However, the decision could be tight. Signals that the cycle of rate cuts is coming to an end should intensify.

A first flash estimate of Eurozone GDP growth in 3Q will be released next week. Based on our models, we expect GDP growth in the Eurozone to stabilize at +0.2% q/q in 3Q. The Eurozone continues to be in a cyclical downturn that pushes growth momentum below its potential.

Due to the continuing downward pressure on energy prices, we expect inflation in the Eurozone to stabilise at around +0.8% y/y at best in September.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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