ECB's José Luis Escrivá says second-round wage inflation effects haven't appeared, with firms projecting 2.8% raises, down from 3.1% last quarter.

ECB's wage tracker shows negotiated wage growth moderating to 2.6% in 2026, easing inflation fears with potential implications for crypto and risk assets.

ECB wage tracker projects 2.6% negotiated wage growth for H2 2026, up from suppressed levels earlier this year. Here's what it means for rates and markets.

ECB's José Luis Escrivá says second-round wage inflation effects haven't appeared, with firms projecting 2.8% raises, down from 3.1% last quarter.