Euro-Zone Wage Growth Sinks, Supporting Further ECB Easing
A key measure of euro-area pay growth plunged, supporting the European Central Bank's claim that inflation will soon hit the 2% target and backing calls to lower interest rates further.
Negotiated wages rose 2.4% from a year ago in the first quarter, the ECB said Friday. That's down from 4.1% in the final three months of 2024 and less than half the 5.4% peak recorded last year.
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