India, June 11 -- A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
The ECB wage tracker, which covers active collective bargaining agreements in Eurozone, suggested that negotiated wage growth with smoothed one-off payments is set to drop to 3.1 percent this year from 4.7 percent last year, a monthly survey by the European Central Bank revealed. The growth rate for this year is unrevised from the previous release in late April.
The headline indicator also suggested wage growth of 1.7 percent in the fourth quarter this ...