By admin 
FRANKFURT, Sept 16 (Reuters) – The European Central Bank’s updated wage tracker is pointing to a modest uptick in negotiated pay growth in the first half of 2027 after broadly steady increases for the rest of this year, ECB data showed on Wednesday.
Read more EU’s von der Leyen to invite frontier labs for talks on tackling AI risks
The ECB’s headline indicator suggests negotiated wage growth of 2.6% to 2.7% through the end of the first quarter of next year, then a pick up to 2.8%, the bank said.
Read more European shares rise as oil rally pauses; all eyes on Fed
The ECB is keenly watching wage developments to see if the recent inflation surge is fuelling undue pay demands, but it has long argued that figures around 3% are consistent with its own 2% inflation target.
Read more Oil falls as US crude inventories rise despite Saudi supply concerns
(Reporting by Balazs Koranyi; Editing by Hugh Lawson)
Copyright Reuters or USA Today Network via Reuters Connect.