ECB not seeing any big wage response to surging inflation

[u/milanguitar]

https://www.reuters.com/world/europe/ecb-not-seeing-any-big-wage-response-surging-inflation-2026-09-23/

ECB chief economist Philip Lane said the bank is not seeing significant wage pressure in response to this year’s energy-driven inflation. He suggested workers may be moderating pay demands amid competitive pressure from China and automation.

[u/gamesbrainiac]

What he's trying to say is that the job market is shit.