Euro zone wage rises becoming more and more permanent: ECB's Draghi

By Kitco News / November 08, 2018 / www.kitco.com / Article Link

DUBLIN (Reuters) - Nominal wage growth, the best predictor of inflation in the euro zone, is gradually improving and increasing so as a result of permanent features, the head of the European Central Bank said on Thursday.

“Recent data, the last say six to 12 months’ data, shows that wages are gradually going up. They’re going up now because of temporary effects but more and more because of permanent effects,” Mario Draghi told an Irish parliamentary committee.

Reporting by Padraic Halpin; Editing by Balazs Koranyi

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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