Euro zone firms face rising wage demands
Euro zone companies expect higher wage demands from workers following a cost of living surge driven by the Iran war. An ECB survey shows 40 percent of firms see this wage pressure.
Euro zone companies face growing wage demands as living costs surge following conflict involving Iran, according to a central bank survey released on Friday morning. The ECB kept interest rates steady at 3.25% on Thursday while signaling a potential hike at its next meeting. Policymakers are monitoring whether energy-driven inflation pressures are spreading into broader labor compensation.
