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17th Jun 2024 11:35EurozoneDaily Monitor

  • The EZ hourly labour cost growth data were the final wage indicators to be published for Q1… 
  • ...The data confirm wage growth picked up in Q1, but mainly due to one-offs in Germany. 
  • Wage growth will slow in due course, but a July rate cut is off the table; September is not certain either.

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Keywords for: 18 June 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence