Surge in German Wage Growth Raises Questions About Timing of ECB Rate Cuts
Wednesday, 22 May 2024, 16:19
Surging German Wage Growth and ECB Rate Cuts
Collectively agreed pay rose 6.2% in the first 3 months of the year at the fastest pace in almost a decade, according to Bundesbank. This significant increase in wage growth in Germany has led to uncertainties regarding the timing of the European Central Bank's (ECB) rate cuts.
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