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European Central Bank Executive Board Member Müller: Wage Growth in the Euro Area Misaligned with Inflation Targets

European Central Bank Executive Board Member Müller: Wage Growth in the Euro Area Misaligned with Inflation Targets

2024/01/16 20:16

European Central Bank Executive Board Member Müller stated that wage growth in the Euro Area is not aligned with inflation targets. He also pointed out that market expectations for a rate cut by the European Central Bank in 2024 are "aggressive."

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UBS predicts gold prices may challenge $5000 in the first half of next year, supported by declining real interest rates and central bank gold purchases.