Draghi flags wage weakness as he defends easing measures
“Very substantial” accommodation still needed, ECB chief says
Low core inflation in the eurozone is “mostly to do with” subdued nominal wage growth, European Central Bank president Mario Draghi said today (June 8), as he stressed the need for continued, “very substantial” monetary easing.
During the press conference after the ECB’s governing council meeting, attention was focused on whether voices on the committee would call for a scaling back of easing measures.
Although the statement released after the meeting dropped references to a possible cut in
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