S&P: The European Central Bank's rate cuts have ended, but sticky inflation continues to weigh on confidence
S&P Global's Chief Economist for Europe, the Middle East, and Africa, Sylvain Broyer, stated: "The European Central Bank has ended its interest rate cuts. However, persistent inflation in the services sector and food is putting pressure on consumer confidence. Real wage growth still exceeds productivity, and in the current situation, loosening policy rates to weaken the euro would be futile."
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