ECB wage tracker indicates a decline in negotiated wages for the year

As a whole, that’s down considerably from the 4.7% reading in 2024. The first quarter of 2025 also shows a notable drop in negotiated wages, down to 4.6% from 5.4% in the final quarter of 2024. Slowing wages will just bolster the ECB’s policy path and painted narrative on the inflation outlook. Here’s the latest summary from the ECB:

This article was written by Justin Low at www.forexlive.com.