ECB's Centeno: Wage increases still compatible with monetary policy

Market news

27 March 2023

ECB's Centeno: Wage increases still compatible with monetary policy

European Central Bank (ECB) policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting, as reported by Reuters.

"We haven't seen a deanchoring inflation expectations," Centeno further reiterated and noted that the ECB has the tools for "whatever-it-takes" action for banks.

Market reaction

EUR/USD continues to edge higher in the second half of the day on Monday and was last seen rising 0.3% on the day at 1.0790.

Currencies. Daily history for Monday, March 27, 2023

Commodities. Daily history for Friday, March 24, 2023

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