The latest euro zone inflation figures support the growing consensus that the European Central Bank will begin cutting interest rates in June, according to Chris Williamson, chief business economist at S & P Global Market Intelligence. The ECB is 'very data-dependent, and we're seeing signs of inflation really starting to come down now,' Williamson told CNBC's 'Street Signs Europe,' calling June the 'most realistic' month for rate cuts to start.
A survey from Germany's Ifo Institute meanwhile showed company price expectations at the lowest level in three years. 'Those headline inflation numbers coming down are going to give the ECB not just some comfort that current inflation is down, but also that you're going to see reduced wage negotiations, as lower inflation means workers have less grounds to negotiate higher pay.
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