Eurozone negotiated wage development seen accelerating in Q3

That’s a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn’t really translated to any significant reacceleration in consumer prices. So, the hope for policymakers is that wage pressures should fade going into next year. But we’ll see.

This article was written by Justin Low at www.forexlive.com.