ECB may stop cutting rates this year as economy grows and wages rise: agency
Analysts believe that economic growth in Europe is set to pick up and that real wages are rising positively, making it less likely that the European Central Bank will cut interest rates in the coming months. The European Central Bank in deciding the degree and speed of easing policy attaches great importance to wages, emphasizing that wages are a key factor in assessing the inflation outlook. And real wages in the eurozone have been rising for almost a year. The ECB is expected to keep its main refinancing rate unchanged at 4.25% today, and its prospects for a cumulative cut of 45 basis points by the end of the year and nearly 100 basis points by June next year are waning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. commercial crude oil inventories have declined for five consecutive weeks, while diesel inventories have fallen below 100 million barrels, reaching their lowest level since 2003.
EIA data shows that U.S. commercial crude oil inventories fell by 865,000 barrels last week to 409.8 million barrels, about 4% below the five-year seasonal average. The market had previously expected a decrease of around 200,000 barrels. Distillate fuel (including diesel and heating oil) inventories decreased by 3.6 million barrels to 99.3 million barrels, 13% below the five-year average. The market had previously expected a decline of only around 1 million barrels, making the actual reduction much greater than anticipated.
This Blockchain Is Abandoning Its Own Network—It Has Issued an Official Statement Regarding the Switch to Another Network
Crypto prices
More
