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ECB's Decision to Raise Rates Hinges on Wage Data
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ECB Governing Council member Klaas Knot emphasizes the need for certainty on wages before lowering interest rates. The absence of wage data is a key factor in the ECB's decision to raise rates. French central bank chief Francois Villeroy de Galhau highlights the importance of wage growth returning to 2.5% for sustainable price stability.
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How could the ECB's decision to raise rates impact the economy?
How might the absence of wage data affect the ECB's decision-making?
What are the potential consequences of wage growth on profit margins and price hikes?
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