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Home > Headlines > ECB wage tracker signals gradual normalisation of negotiated wage pressures

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ECB wage tracker signals gradual normalisation of negotiated wage pressures

Published by Global Banking and Finance Review

Posted on December 19, 2025

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FRANKFURT, ‌Dec 19 (Reuters) - Euro ‍zone ‌wage growth should gradually slow ⁠and ‌normalise next year, the European Central Bank's updated wage ⁠tracker showed on Friday, underpinning the bank's projection for ‌inflation to ⁠stay around its 2% target for years to come.

The wage tracker, which covers active collective bargaining agreements, points to wage ‍growth with smoothed one-off payments of 3.2% in 2025 and 2.3% in 2026, the ECB said.

With unsmoothed ⁠one-off payments, the tracker indicates negotiated wage growth of 3.0% in 2025 and 2.7% in 2026, ‌the ECB said.

(Reporting by Balazs KoranyiEditing by Gareth Jones)

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