Euro zone negotiated wage growth is slowing as expected, according to European Central Bank data released Wednesday. That suggests the Iran-war-induced inflation spike has not yet triggered a fresh round of wage demands, easing pressure on the ECB. The report is supportive for the disinflation outlook and modestly constructive for rates markets.
Euro zone negotiated wage growth is slowing as expected, according to European Central Bank data released Wednesday. That suggests the Iran-war-induced inflation spike has not yet triggered a fresh round of wage demands, easing pressure on the ECB. The report is supportive for the disinflation outlook and modestly constructive for rates markets.
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mildly positive
Sentiment Score
0.15
