European Central Bank Committee: Inflation is under control, concerns over cooling labor market

GoldenOctober2024

2024-10-04 09:54:49

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Golden Ten Data on October 4, European Central Bank Governing Council Senteno said on Friday that the European labor market is beginning to cool, which is worrying, because it may lead to investment and rise below average. He also said that inflation in the eurozone was under control. Markets are betting that Europe’s Central Bank will accelerate the pace of rate cuts on 17 October, as inflation fell below 2% last month and the Eurozone is trying to avoid a recession. "Europe’s rise is at the heart of the problem… We are now starting to see the first concerns in the labour market. He said that European companies were creating 20 percent fewer job openings than two years ago, and that the number of new hires in companies was 10 percent lower than the highest level in the second quarter of 2022, “which is exactly when European Central Bank starts to raise interest rates.”

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CoinTour

· 2024-10-04 10:23

Vincent Noyer, a member of the Central Bank of Europe, said that the European labor market is starting to cool down, which may lead to investment and a rise below average levels; inflation in the euro area is under control. The market expects the European Central Bank to accelerate interest rate cuts on October 17 to avoid an economic recession. The number of job vacancies created by European companies has decreased by 20% compared to two years ago, "which happens to be when the European Central Bank started raising interest rates".

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CoinTour

· 2024-10-04 10:22

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GoldenOctober2024