ECB’s Draghi: Seeing factors that are holding back wage growth waning gradually

Mario Draghi, President of the European Central Bank, is delivering his remarks at the ECB’s panel titled ‘Price and wage setting in advanced economies.’

Key quotes (via Reuters)

  • Seeing factors that are holding back wage growth waning gradually.
  • Anchoring inflation expectations is crucial.
  • Unit labour costs seen on an upward path.
  • Confident on convergence towards inflation target.
  • Little evidence e-commerce has impact on inflation.


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