⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
The European Central Bank may be able to swiftly lower interest rates despite workers receiving large wage increases to catch up with two years of elevated inflation, according to Executive Board member Piero Cipollone. Emphasizing the need for a recovery in salaries to boost Europe’s struggling economy, Cipollone highlighted that pay rises should moderate over time. He also noted that inflation is retreating, indicating that the point at which monetary settings can be loosened is approaching.