Euro Area Growth Expected to Rebound in 2024 Despite Tight Monetary Policy on Nostr: ECB's Lane: Wage Growth Points to Deceleration, Interest Rate Cut Likely ...
ECB's Lane: Wage Growth Points to Deceleration, Interest Rate Cut Likely
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#36b7da54 ver:0.37
ECB's chief economist, Philip Lane, suggests that wage growth in the euro area is pointing to deceleration, indicating a potential interest rate cut. He emphasizes the need for a cautious approach due to rapid wage and services inflation. The ECB is likely to cut rates on June 6, with further cuts possible in 2025 as inflation settles around the 2% target. Lane also mentions the risk of euro depreciation and limited divergence in interest rates with the US. #ECB #interestrates #inflation...
#newstr #Ecb #InterestRates #Inflation #WageRises
https://here.news/story/36b7da54?ver=0.37
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#36b7da54 ver:0.37
ECB's chief economist, Philip Lane, suggests that wage growth in the euro area is pointing to deceleration, indicating a potential interest rate cut. He emphasizes the need for a cautious approach due to rapid wage and services inflation. The ECB is likely to cut rates on June 6, with further cuts possible in 2025 as inflation settles around the 2% target. Lane also mentions the risk of euro depreciation and limited divergence in interest rates with the US. #ECB #interestrates #inflation...
#newstr #Ecb #InterestRates #Inflation #WageRises
https://here.news/story/36b7da54?ver=0.37