Recent statements from European Central Bank officials highlight the ongoing challenges and developments in the Eurozone's economic landscape. ECB's de Cos emphasized the need for more information in the coming weeks and months to assess the economic situation, indicating a cautious approach. ECB's Nagel noted that inflation is moving in the right direction, but the desired levels have not been achieved yet, stating it's 'NOT THERE YET'. ECB President Lagarde pointed out that wage agreements indicate some leveling off in the last quarter of 2023, but the ECB's forward-looking wage tracker continues to signal 'STRONG WAGE PRESSURES'. She also mentioned that the latest data confirms the 'ONGOING DISINFLATION PROCESS', expected to gradually bring down inflation over 2024. Additionally, Lagarde highlighted that wage pressures for 2024 hinge particularly on the outcome of ongoing or upcoming negotiation rounds, marking wages as an 'INCREASINGLY IMPORTANT INFLATION DRIVER'.
💡 ECB’s Lagarde: ‘Latest Data Confirm the Ongoing Disinflation Process’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/LLmNlnkOvJ
ECB’s Lagarde says wages are gaining importance as an inflation driver https://t.co/js4jFCew9x via @weberalexander https://t.co/ymdkbw2ymt
🔴 ECB'S PRESIDENT LAGARDE: WAGES ARE BECOMING AN INCREASINGLY IMPORTANT INFLATION DRIVER.
🔴 ECB'S PRESIDENT LAGARDE: WAGE PRESSURES FOR 2024 HINGE PARTICULARLY ON THE OUTCOME OF ONGOING OR UPCOMING NEGOTIATION ROUNDS.
🔴 ECB'S PRESIDENT LAGARDE: THE LATEST DATA CONFIRMS THE ONGOING DISINFLATION PROCESS AND IS EXPECTED TO BRING US GRADUALLY FURTHER DOWN OVER 2024.
ECB President Lagarde: The ECB’S Forward-Looking Wage Tracker Continues To Signal Strong Wage Pressures
🔴 ECB'S PRESIDENT LAGARDE: WAGE AGREEMENTS INDICATE SOME LEVELING OFF IN THE LAST QUARTER OF 2023.
🔴 ECB'S PRESIDENT LAGARDE: THE ECB’S FORWARD-LOOKING WAGE TRACKER CONTINUES TO SIGNAL STRONG WAGE PRESSURES.
🔴 ECB'S NAGEL: INFLATION GOING IN RIGHT DIRECTION, NOT THERE YET.
💡 ECB’s de Cos: Waiting for More Information in the Coming Weeks and Months - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/15MhMWypJL
💡 Exclusive: ECB’s Wunsch: Risks Not Big Either Way, Whether We Wait for More Data or Not - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/5Ifes662em
⚠️ ECB DOESN'T NEED TO DAMPEN STILL WEAK ECONOMY - CIPOLLONE (Reuters) The European Central Bank does not need to dampen the euro zone's economy even more to get inflation under control because demand is still weak, ECB board member Piero Cipollone said on Monday. While… https://t.co/g74IPie3DZ
💡 ECB’s Cipollone: ‘No Need for Monetary Policy to Generate Further Slack to Keep Inflation in Check’ - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/Nkt00amqHP