ECB Chief Economist Lane indicates wage growth in eurozone returning to normal, potentially paving way for rate cuts.
European Central Bank (ECB) Chief Economist Philip Lane said in a podcast that pay growth in the eurozone is returning to more normal levels. The ECB is increasingly confident that wage growth is slowing back towards more normal levels, potentially opening the door to rate cuts. Lane said the ECB would start discussing rate cuts once data confirms wage growth is slowing and inflation is heading back to the 2% target.
March 25, 2024
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