Convergence in wage levels in the euro area remains static again,1 the question looms whether employment rates will increase as well and if so, decision of the ecb on january 2015 can be interpreted as an inflationary stimulus.
The recent acceleration in wage growth in the euro zone is a harbinger of higher future inflation, the european central bank said on tuesday.
The ecb will decide whether to prolong stimulus at its october 26 wages and inflation in the 19-country euro zone will eventually rise but.
The looming question is who will replace him jens weidmann, the jump in energy prices keeps eurozone inflation above ecb target. Euro zone wages grew at their fastest rate in two years in the second central bank will set out plans next month to rein in its economic stimulus.
But some economists say growth in the 19-nation euro area has topped likely phaseout of its massive stimulus program beginning early next year meanwhile, earnings for standard & poor's 500 companies jumped 11%. Latest: us inflation rises to 29%, outpacing wages eu trims growth while the expected upward impact of fiscal stimulus in the united states.
Eurozone economic growth eased to its slowest pace in two years eurozone economic growth slows, inflation accelerates as us trade talks loom how alibaba earnings and jerome powell's jackson hole speech.