Reported 5 months ago
European Central Bank's Governing Council member, Madis Muller, stated that a recent jump in euro-zone pay does not disrupt the ongoing decrease in inflation and will not prevent the ECB from reducing interest rates in June. Muller emphasized the need to monitor developments and acknowledged the potential for further accommodation by the end of the year if inflation continues to move closer to the target. The wage numbers have led investors to reconsider the expected amount of monetary easing for the rest of 2024, with markets now fully pricing in two quarter-point rate cuts instead of three.
Source: YAHOO