ECB chief economist Lane sees eurozone wages growth slowing  

Also, traders are betting the Bank of England could beat its European and US peers to interest rate cuts

ECB chief economist Philip Lane thinks inflation 'should stabilise' at around 2% by 2025.

European Central Bank chief economist Philip Lane said pay growth in the eurozone is returning to more normal levels.

“It’s desirable and inescapable that we do have several years of wage increases above a normal level,” Mr Lane said in an ECB podcast. “But what we need to make sure is it basically returns to normal. It’s a normalisation process. And this is where we’re looking at this, and I would say we’re confident that it’s on track," he said.