Despite wages barely having contributed to inflation over the past years, European Central Bank (ECB) president Christine Lagarde warned against lowering interest rates too soon because wages might drive up inflation again later this year.
"Wages are expected to become an increasingly dominant driver of inflation," she said during a monetary policy dialogue with the European Parliament in Brussels on Thursday (15 February).
Inflation in the EU is set to decline from a steep 6.3 ...
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