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ECB's Vujcic Says Patience Needed Before Starting Rate Cuts

(Bloomberg) European Central Bank officials need to ensure there aren’t any second-round effects on inflation from wages before cutting interest rates, according to Governing Council member Boris Vujcic.Most Read from BloombergMusk Took Drugs With Some Tesla Board Members, WSJ SaysBiden Swipes at Trump’s Personality in ‘Weirdest Campaign’ YetRed Sea Danger Is Spurring Global Oil Buyers to Go LocalJapan Assures Fans Taylor Swift Can Make It to the Super Bowl“We need to have patience at the mom

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PMAY drives up MGNREGS wage costs

MGNREGS wages of about ₹35,000-40,000 crore are estimated to have gone into the construction of houses under the PMAY (Gramin) since the scheme was rolled out in November 2016 by revamping the erstwhile India Awas Yojana, said the person. House construction has picked up pace in the last two years, pushing up the MGNREGS wage costs on such an account.

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Yojana-gramin
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India-awas-yojana
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Construction

Transcripts for BBCNEWS BBC News Now 20240604 13:11:00

Market in hyde, the cost of the food this trader buys has settled, but remains high. ads, this trader buys has settled, but remains high- this trader buys has settled, but remains hiuh. ., ., ,, , ., . remains high. a lot of pork product, cheese and remains high. a lot of pork product, cheese and butter remains high. a lot of pork product, cheese and butter has remains high. a lot of pork product, cheese and butter has plateaued - remains high. a lot of pork product, | cheese and butter has plateaued and may be dropped a fraction, but nothing to what we have seen two or three years ago. nothing to what we have seen two or three years age- three years ago. selling dried beef, amanda is seen three years ago. selling dried beef, amanda is seen at three years ago. selling dried beef, amanda is seen at the three years ago. selling dried beef, amanda is seen at the cost - three years ago. selling dried beef, amanda is seen at the cost rise - three years ago. selling dried bee

Lot
Cost
Energy
Pork-product
Cheese
Butter
Thigh
Market
Trader-buys
Nothing
Ads
Plateaued

Transcripts for BBCNEWS BBC News at One 20240604 12:02:00

Our business correspondent dharshini david reports. young man, what were you looking for? at this market in hythe, the cost of the food trader taryn buys has settled, but remains high. thank you. a lot of pork product and cheese as well. cheese and butter has sort of plateaued and maybe dropped a fraction, but nothing to like we ve seen maybe two or three years ago. do you want some of the mixture? yeah? selling dried beef. amanda is seeing other costs rise and is struggling not to pass those on. i m trying to do more markets so i can get some more money in, but then again, you ve got to pay the market fees, you ve got to pay your fuel costs, which have gone up as well. and, you know, i ve sold a vehicle so that i m not paying out for an extra vehicle. annette sold out of bread by midday, but for her, wage costs are a challenge. if the minimum wage goes up, i then the wages for other people who are not on minimum wage go up as well. - so they maintain a differential-

Man
Dharshini-david-reports
Cost
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Trader-taryn
Hythe
Costs
Cheese
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Pork-product
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