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  • ECB chief: Wage growth pushing up inflation in euro area

    9 monthes ago - By Chron

    FRANKFURT, Germany - European Central Bank head Mario Draghi says he expects underlying inflation to rise in the 19 countries that use the euro as a stronger job market pushes up wages.
    Draghi's comments Monday before the economic and monetary committee of the European Parliament in Brussels indicated the bank continues to think the recovery is strong enough for it to phase out its bond-purchase stimulus at year end.
    Draghi told the committee members that "underlying inflation is expected to increase further over the coming months as the tightening labor market is pushing up wage...
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  • Draghi: Wage growth pushing up inflation in euro area

    9 monthes ago - By Chron

    FRANKFURT, Germany - European Central Bank head Mario Draghi says he expects inflation to rise in the 19 countries that use the euro as a stronger job market pushes up wages.
    Draghi's comments Monday before the economic and monetary committee of the European Parliament in Brussels indicated the bank continues to think the recovery is strong enough for it to phase out its bond-purchase stimulus at year end.
    Draghi told the committee members that the bank was confident that the pick-up in wages would continue because wage agreements often last two years or more.
    The bank has pumped 2.5...
    Read more ...