Core Viewpoint - A significant increase in a key wage growth indicator in the Eurozone has made the European Central Bank (ECB) more cautious regarding further interest rate cuts [1] Group 1: Wage Growth - In the second quarter, negotiated wages increased by 3.95% year-on-year, up from 2.46% in the first quarter, but still below the peak of 5.4% reached in 2024 [1] - The ECB's confidence in stabilizing inflation at 2% relies on a slowdown in wage growth and a decrease in price increases in labor-intensive service sectors, which are currently close to 3% [1] Group 2: Market Expectations - The market widely anticipates that the ECB will maintain the key deposit rate at 2% in September [1] - The ECB's tracking indicator for wages across 20 countries suggests that wage growth will significantly slow down by early next year [1]
欧元区薪资加速上涨 欧洲央行降息或更趋谨慎
Xin Hua Cai Jing·2025-08-22 16:31