off-the-wire

Euro zone firms starting to absorb high wage growth: ECB's Schnabel

Kitco Media
By Reuters
Published:
Updated:
Reuters

MILAN, Feb 23 (Reuters) - Euro zone companies are starting to absorb high wage pressures via their profits and the risk that inflation expectations become de-anchored from the 2% target has receded, European Central Bank policymaker Isabel Schnabel said on Friday.

Schnabel, an influential voice on the ECB's 26-member Governing Council, also said she was increasingly confident the euro zone economy was heading for a "soft landing", meaning that inflation could be tamed without inducing a recession.

Reporting by Valentin Za; writing by Balazs Koranyi; editing by Andrew Cawthorne

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