Central Banks
ECB’s Lagarde Says Wage Numbers Encouraging, More Data Needed
- Officials want more confidence that disinflation sustainable
- Central bank chief speaks at Ecofin in Ghent, Belgium
Christine Lagarde in Ghent, Belgium, on Feb. 23.
Photographer: Simon Wohlfahrt/BloombergThe latest euro-area labor compensation numbers are reassuring, though the European Central Bank will require additional data to be convinced inflation won’t flare up again, according to President Christine Lagarde.
“The fourth-quarter wage numbers are obviously encouraging numbers,” she told reporters in Ghent, Belgium, on Friday. “The Governing Council needs to be more confident that the disinflation process that we are observing will be sustainable and will take us to the 2% medium term target.”