ECB may swiftly lower interest rates amid wage increases, as stated by Executive Board member Piero Cipollone.
The European Central Bank (ECB) may be able to lower interest rates "swiftly" despite large wage increases, according to Executive Board member Piero Cipollone. A recovery in salaries is crucial for Europe's struggling economy to regain momentum, Cipollone said, adding that pay rises should moderate with time. Inflation is decreasing, indicating that the time for loosening monetary settings is approaching, he added.
March 27, 2024
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