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MNI INTERVIEW: Eurozone Wage Growth Heads For ECB Comfort Zone

MNI speaks to an economist responsible for a wage tracker which is closely followed by the ECB

The eurozone remains on track for wage growth moderation compatible with the European Central Bank’s 2% inflation target, though the road will be “bumpy”, an economist responsible for the Indeed Wage Tracker which is closely followed by the ECB told MNI.

While higher-than-expected Q1 wage growth was “certainly not what the ECB policymakers would have hoped for”, it does not cast significant doubt on their expectations for a gradual slowdown in the rate of pay increases over the coming year or two, Indeed’s Director of EMEA & APAC Economic Research Pawel Adrjan said in an interview.

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The eurozone remains on track for wage growth moderation compatible with the European Central Bank’s 2% inflation target, though the road will be “bumpy”, an economist responsible for the Indeed Wage Tracker which is closely followed by the ECB told MNI.

While higher-than-expected Q1 wage growth was “certainly not what the ECB policymakers would have hoped for”, it does not cast significant doubt on their expectations for a gradual slowdown in the rate of pay increases over the coming year or two, Indeed’s Director of EMEA & APAC Economic Research Pawel Adrjan said in an interview.

Keep reading...Show less