August 20, 2024 at 11:03AM
The German central bank noted that negotiated wage growth in Q2 was seen at 3.1%, as opposed to the 6.2% reading in Q1. However, they note that they expect a “temporary rise” in German inflation towards the end of the year due to base effects. That just means that the economic recovery will be delayed further.
This article was written by Justin Low at www.forexlive.com.