Intermoney | The ECB’s wage monitoring report continues to show that pressures on negotiated wages will ease over the course of the year.
The ECB’s wage monitoring report continues to indicate that pressures on negotiated wages will diminish over the year. In particular, it pointed to a growth rate of negotiated wages, including exceptional payments spread over time, of 4.8% in 2024 (with an average coverage of 48.8% of employees in the participating countries) and 3.1% in 2025 (with an average coverage of 46.5%). In addition, it estimated that wages will grow by 1.6 % in 4Q25, slightly higher than the 1.5 % projection in March and well below the 5.3 % peak recorded last year.
