Euro zone wages finally rising but inflation expectations muted, ECB VP says

Reuters

FRANKFURT (Reuters) – Euro zone wage growth may finally be picking up but longer-term inflation expectations are still anchored around the European Central Bank’s 2% target, ECB Vice President Luis de Guindos said on Monday.

“Incoming wage data and recent wage agreements indicate that wage dynamics may be picking up, which warrants continued monitoring,” de Guindos said in a speech. “However, to date, inflation expectations have remained anchored.”

De Guindos added that the ECB would continue to raise interest rates, proceeding “with prudence”, to get inflation back to target, even if this process takes an “extended” period.

Related News:   New Restaurant Joins Brick Township's Business Tax Relief Program

(Reporting by Balazs Koranyi; Editing by Gareth Jones)

tagreuters.com2022binary_LYNXMPEIAD0QV-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.