ECB's Praet says German wage rise fully in line with forecasts

|By:, SA News Editor

A 4.3% wage rise negotiated by labor union IG Metall and the Suedwestmetall employers' federation will pave way for the wage growth in the rest of Germany.

ECB's chief economist Peter Praet stated that the wage rise of 4.3% is fully in-line with the ECB inflation forecast, thereby putting an end to speculation to raise its inflation forecasts and to tighten policy faster.

Source: Investing.com

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