FXStreet – According to the ECB chief economist Praet, the guardian of the currency, the European Central Bank see no great development in wage pressure.
Key quotes (via Reuters):
A closing of the output gap will have an effect on wages, and Inflation.
The ECB must coordinate the entry to the exit fine.
At the end of the forecast horizon, slowly the price seems to be pressure build up.
The ECB will assess at the June meeting, the risk balance.
** FXStreet News Editorial, FXStreet**