Additional headlines crossing the wires from the ECB President Draghi, as he continues to speak at the Frankfurt European Banking Congress.
High debt countries shouldn’t increase debt further.
All countries should respect the rules of the European Union.
Increase in compensation per employee is broad-based and present across most sectors and euro area economies.
Our view is that this cycle is resilient.
Labor market is already showing signs of tightness.
Pass-through of wage growth to prices remains relatively muted.
ECB intends to end net asset purchases subject to data.