ECB'S KNOT: SLOWER WAGE GROWTH NEEDED FOR EURO ZONE RATE CUTS
The European Central Bank (ECB) governing council member Klaas Knot said on Sunday that the ECB will need to see proof of slowing wage growth in the eurozone before interest rates can be lowered.
The European Central Bank (ECB) governing council member Klaas Knot said on Sunday that the ECB will need to see proof of slowing wage growth in the eurozone before interest rates can be lowered.
Key quotes
“We now have a credible prospect that inflation will return to 2% in 2025.”
“The only piece that's missing is the conviction that wage growth will adapt to lower inflation.”
“As soon as that piece of the puzzle falls in place, we will be able to lower interest rates a bit
“We now have a credible prospect that inflation will return to 2% in 2025.”
“The only piece that's missing is the conviction that wage growth will adapt to lower inflation.”
“As soon as that piece of the puzzle falls in place, we will be able to lower interest rates a bit
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