The European Central Bank won’t hesitate to act if officials see a simultaneous uptick in both company margins and wages, President Christine Lagarde said.
In an interview with French regional newspaper La Provence, she said policymakers still have “work to do” to bring inflation under control.
Officials want to know if businesses will accept a profit squeeze to compensate workers, “or whether we are going to see a twofold increase – in margins and in wages,” she said. “A simultaneous increase in both would fuel inflation risks, and we would not stand idly by in the face of such risks.”
by gyunikumen
4 comments
Yeah obvs its the wages…. Such bs lmao
Let’s increase wages a bit more just to make sure this doesn’t happen :)) for the good of the economy I will agree to a pay rise!
> With assistance by Angela Cullen
Lewis Hamilton’s trainer is now writing for Reuters?
Wait but are they going to push down profits or wages? It’s surely profits, right guys?