According to ChainCatcher, analysts believe that European economic growth is set to pick up and real wages are growing positively, which makes it less likely that the ECB will cut interest rates in the coming months. The ECB attaches great importance to wages when deciding the extent and speed of easing policies, emphasizing that wages are a key factor in assessing the inflation outlook. Real wages in the eurozone have been growing over the past year. The ECB is expected to keep the main refinancing rate unchanged at 4.25% today, and its prospects for a cumulative rate cut of 45 basis points by the end of the year and a rate cut of nearly 100 basis points by June next year are weakening.