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MNI BRIEF: EZ Pay Growth Sparks Price Spiral Fears-ECB's Vasle

(MNI) LONDON

Evidence of "very negative" developments in eurozone wage dynamics, Bank of Slovenia's Vasle says.

Euro area inflation has not yet peaked, with evidence that some upside risks to the inflation outlook stemming from pay increases may already have arrived, Bank of Slovenia governor Bostjan Vasle said at a panel event Thursday.

“I am afraid that some very negative developments are already happening in some parts in the euro area,” he said.

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Euro area inflation has not yet peaked, with evidence that some upside risks to the inflation outlook stemming from pay increases may already have arrived, Bank of Slovenia governor Bostjan Vasle said at a panel event Thursday.

“I am afraid that some very negative developments are already happening in some parts in the euro area,” he said.

Keep reading...Show less