ECB’s Muller Warns Wage Increases Could Delay Slowdown in Core Inflation

Quickening wage increases pose a key threat to the euro-area inflation outlook, according to European Central Bank Governing Council member Madis Muller.

“If wage rises — which have accelerated in the euro area — remain so fast, then maybe the decline in core inflation will be slower than currently forecast,” Muller told Bloomberg in Tallinn.