ECB's Cipollone says recent data backs easing
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ECB board member Piero Cipollone says recent economic data strengthens the European Central Bank's confidence about lowering borrowing costs as inflation eases. The ECB expects inflation to fluctuate around current levels in the coming months before falling to their target next year. Investors overwhelmingly believe the ECB will cut its policy rate on June 6. Negotiated pay growth in the euro zone picked up slightly in the first quarter of 2024, leading some analysts to trim their rate cut bets. However, the ECB insists that wage pressures would decelerate this year.

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https://www.investing.com/news/economy-news/ecbs-cipollone-says-recent-data-backs-easing-3457376