© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(RPT)MNI: US Fiscal Trajectory Deviating From AAA peers-Fitch

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI BRIEF: Covid Dividend Ban Linked To SME Credit Rise - ECB

Consumer Confidence Edges Down, Adds to Plateauing EZ Sentiment

MNI: ITALY MAY CONSUMER CONFIDENCE 105.1

MNI: ITALY MAY BUSINESS CONFIDENCE 108.7

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI BRIEF: Wage Growth In Line With Return To 2% Target - BdF

(MNI) LONDON
(MNI) London

Industry and firm-level studies suggest pay increases not set to spur a wage-price spiral, France central bank says

Central Bank NewsPolicy NewsHomepageStoryEuropeEurozoneFranceBriefEuropean Central BankRegionEuropean Central Bank (ECB) Market News
True

Wage increases between the end of 2020 and the beginning of 2023 do not indicate a wage-price spiral, the Banque de France said Friday, with inflation set to decline over the course of this year before reaching the ECB’s 2% target no later than the end of 2025.

Rising industry wages have been fuelled principally by 2022’s increase to the national minimum wage, the bank said. Firm-level negotiated wage hikes for 2023 average 4.44%, up from 2.8% last year and 1.4% in 2021. However this is in line with expectations, the March-April 2023 Bulletin reported.

103 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Wage increases between the end of 2020 and the beginning of 2023 do not indicate a wage-price spiral, the Banque de France said Friday, with inflation set to decline over the course of this year before reaching the ECB’s 2% target no later than the end of 2025.

Rising industry wages have been fuelled principally by 2022’s increase to the national minimum wage, the bank said. Firm-level negotiated wage hikes for 2023 average 4.44%, up from 2.8% last year and 1.4% in 2021. However this is in line with expectations, the March-April 2023 Bulletin reported.