MARKET NEWS
Euro-Zone Wage Growth Cools From Record, Backing ECB Cuts - BLOOMBERG
- Fourth-quarter negotiated pay up 4.1% after 5.4% gain in third
- Another rate reduction is expected when ECB meets next week
A key measure of euro-area pay growth eased at the end of 2024, supporting European Central Bank plans to keep cutting interest rates as inflation slows.
Fourth-quarter negotiated wages rose by 4.1% from a year ago, the ECB said Tuesday. That’s down from the 5.4% record seen in the prior three months.
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