Slower wage growth needed for euro zone rate cuts, ECB’s Knot says
AMSTERDAM (Reuters) – The European Central Bank (ECB) will need to see proof of slowing wage growth in the euro zone before interest rates can be lowered, ECB governing council member Klaas Knot said on Sunday. “We now have a credible prospect that inflation will return to 2% in 2025. The only piece that’s missing…