The ECB's unexpectedly hawkish shift tone prompted a sizeable market reaction, with Italian 10-year bond yields rising 55bps, to 1.95%. However, we...

In a week with few economic data releases, the latest ECB communicationsturned the week tumultuous. It appears that worries about inflation have...

Persistently high energy prices will cause eurozone inflation to be higher forlonger than we previously anticipated. Our new forecast envisions...

January inflation surprised on the upside, with the headline rate up to 5.1%, the highest since the 1990s. And while the energy component rose over...

The February ECB meeting marked the beginning of a clear hawkish shift in the ECB’s policy outlook. Although the policy stance was left unchanged,...

The banking sector has proved resilient during the pandemic, and eurozone banks will continue to play a significant role supporting the near-term...

Inflation prospects will again dominate the upcoming ECB meeting. We do not expect any clear policy signals or decisions given that the council made...

Tensions between Russia and Ukraine continue to put pressure on energyprices, which remain at extremely high levels. Barring a quick resolution of...

We have lowered our mainland 2022 GDP growth forecast by 0.1ppt to 4.2% to reflect the economic impact of the Omicron outbreak at the start of the...

Despite tensions continuing to ratchet higher, on a medium term view we think the balance of probabilities implies a buying opportunity for affected...