ECB's wage tracker points to 3.1% growth this year
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FILE PHOTO: Dark clouds are seen over the building of the European Central Bank (ECB) before the ECB's monetary policy meeting in Frankfurt, Germany, June 6, 2024. REUTERS/Wolfgang Rattay/File Photo
FRANKFURT (Reuters) -Negotiated wage growth across the 20 nation euro zone is seen at 3.1% this year, including smoothed one-off payments, in line with figures projected a month earlier, the ECB's monthly wage tracker showed on Wednesday.
With unsmoothed one-off payments, the tracker pointed to 2.9% growth in 2025, the ECB said. The ECB has long argued that wage growth around 3% would be consistent with its 2% inflation target and the fresh figures support the bank's argument that it has now delivered on its target after years of overshooting.
(Reporting by Balazs KoranyiEditing by Peter Graff)
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