Looking for Wage Growth? Ask Latvia’s Central Bank Governor
Ilmars Rimsevics, governor of the Bank of Latvia, arrives for a dinner during the Jackson Hole economic symposium, sponsored by the Federal Reserve Bank of Kansas City, in Moran, Wyoming, U.S., on Thursday, Aug. 24, 2017.
Photographer: David Paul Morris/BloombergEurope’s central bankers, desperately scouring the landscape for signs of pay growth, would do well to look to their own Baltic peers.
The central bank governors of those euro members saw the biggest annual pay increases of the group last year, according to data compiled by Bloomberg. Latvian Governor Ilmars Rimsevics’s gross pay rose 10 percent to about 151,000 euros ($179,000), Lithuania’s Vitas Vasiliauskas’s salary increased almost 7 percent to around 89,000 euros and Estonia’s Ardo Hansson’s wage grew about 5 percent to 116,000 euros.