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Lane says rising wages underpinning euro zone inflation

Summary by Ground News
European Central Bank's chief economist Philip Lane says wage growth should moderate in the coming months. Professor Lane told an event in the Lithuanian capital Vilnius that the ECB will only know around Easter next year if wage growth is indeed coming down as it expects. He welcomed last week's news that euro zone inflation had fallen in September to its lowest level in two years.

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Lane says rising wages underpinning euro zone inflation

Rising wages in the euro zone are underpinning inflation in the bloc but wage growth should moderate in the coming months, the European Central Bank's chief economist Philip Lane said today.

·Ireland
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RTÉ broke the news in Ireland on Tuesday, October 3, 2023.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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