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ECB's wage tracker points to 3.1% growth this year
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
The ECB's wage tracker forecasts a 3.1% growth in euro zone wages for 2023, supporting its 2% inflation target.
FRANKFURT (Reuters) -Negotiated wage growth across the 20 nation euro zone is seen at 3.1% this year, including smoothed one-off payments, in line with figures projected a month earlier, the ECB's monthly wage tracker showed on Wednesday.
With unsmoothed one-off payments, the tracker pointed to 2.9% growth in 2025, the ECB said. The ECB has long argued that wage growth around 3% would be consistent with its 2% inflation target and the fresh figures support the bank's argument that it has now delivered on its target after years of overshooting.
(Reporting by Balazs KoranyiEditing by Peter Graff)
The projected wage growth across the 20 nation eurozone is seen at 3.1% this year, including smoothed one-off payments.
The ECB has long argued that wage growth around 3% would be consistent with its 2% inflation target.
With unsmoothed one-off payments, the wage tracker pointed to 2.9% growth in 2025.
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