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The central bank is expected to cut interest rates in June, but a rise in workers’ salaries could impact the pace and rate of cuts. 

Christine lagardePiero cipolloneThomas lohnes gettyEnrico lettaCarlo martuscelliCarsten brzeskiGilles moBanque de franceAnniversary at the governing councilFederal reserveEuropean central bankCentral bankGoverning councilGetty imagesItalian prime minister enrico lettaCentral banks