ECB Sees No Major Wage Pressures
The European Central Bank is not observing significant wage demands following the recent energy-driven inflation surge. Chief economist Philip Lane noted that rising living costs have not triggered large wage responses yet.
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The European Central Bank is not seeing wage pressures match inflation climbing past 3%, its chief economist said on Wednesday afternoon. The assessment downplays investor anxiety that rapid price growth risks becoming permanently entrenched in the Eurozone economy.
