European Economics

European Data Response

14 September, 2018

Euro-zone Labour Costs (Q2) & Goods Trade (Jul.)

The pick-up in euro-zone wage growth in Q2 adds to signs that inflationary pressures in the region are building. This will encourage the ECB that it is right to be normalising monetary policy. But with wage growth and core inflation set to rise only gradually next year, the Bank looks set to wait until next September before raising interest rates.

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