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17th Feb 2023 14:25Eurozone, Weekly Monitor

  • Monthly wage data point to another pick-up in the ECB’s preferred measure of wage growth in Q4...
  • ...A wage price spiral is a risk, but for now we still think wage growth will fall in line with inflation.
  • High, and sticky, wage growth is the main upside risk to our call for the ECB’s terminal rate at 3.5%.

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Keywords for: 20 Feb 2023 Eurozone Monitor

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