The news that Germany’s largest trade union, IG Metall, has won a 5.2% pay rise over the next 14 months has added to concerns over a build-up in medium-term inflationary pressures. While we think that such fears are overdone, signs of rising wages growth in the euro-zone’s largest economy will certainly have done nothing to ease the ECB’s inflation worries.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.