Central Banks
ECB Officials Get Cautious on More Cuts as Wages Pick Up
- Policymakers signal return to watchful phase on inflation
- Irish governor wonders aloud if another move will materialize
European Central Bank officials offered wary views on further interest-rate cuts at a time when pay pressures are proving stubborn, with one even raising the prospect that another move won’t materialize.
A day after the Governing Council delivered on its promise to lower rates but revealed a consumer-price forecast that left investors querying where policy is headed next, data showed accelerating wage increases — and governors signaled that they’re now back in a watchful phase.