ECB’s Lagarde Emphasizes Wage Growth as Key Factor in Inflation: A Quirky Take on the Importance of Salary Increases
ECB’s Lagarde highlights wage growth as increasingly important inflation In a European Parliament committee hearing, ECB President Christine Lagarde highlighted that the “ongoing disinflation process” is expected to continue “gradually further down over 2024,” attributing this trend to the diminishing effects of past upward shocks and the impact of tighter financing conditions on inflation. Lagarde…