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MNI BRIEF: Wages Key To ECB Projections - Centeno

(MNI) ROME
Central Bank NewsPolicy NewsStoryCEEMEAEurozoneBriefEuropean Central BankRegion

The European Central Bank will have more data on wages growth in April, but it is too early to say whether it will be sufficient to start cutting rates, Bank of Portugal Governor Mario Centeno said on Friday.

A continuation of a slowdown in wages is key for ECB projections, he told a news conference, adding that higher wages without sufficient economic growth would be unsustainable. (See MNI SOURCES: ECB Wary Of Any "Significant Divergence" With Fed)

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The European Central Bank will have more data on wages growth in April, but it is too early to say whether it will be sufficient to start cutting rates, Bank of Portugal Governor Mario Centeno said on Friday.

A continuation of a slowdown in wages is key for ECB projections, he told a news conference, adding that higher wages without sufficient economic growth would be unsustainable. (See MNI SOURCES: ECB Wary Of Any "Significant Divergence" With Fed)

Keep reading...Show less