EU Wages In Euro Zone (Q3) 5.3% (Prev. 4.6%)
Analysis details (10:09)
- A release which follows the labour-cost element of the December Flash PMIs (click here for more) and speaks to the new emphasis in the ECB statement on "strong growth in unit labour costs".
- Overall, the release serves as further pushback against market pricing for rate cuts as soon as April (with a 50% chance for March, alongside new forecasts) but hasn't sparked any real reaction/re-pricing given it is heavily dated (Q3) and doesn't add anything materially new vs December's policy announcement.
15 Dec 2023 - 10:00- Fixed IncomeData- Source: Reuters
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