ECB Chief Economist Philip Lane said eurozoneeurozoneThe eurozone is the group of European Union countries that have adopted the euro as their official currency. It is a subset of the EU rather than another name for the entire uni...Read More wages have shown no noticeable pickup despite rising inflationInflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More. He noted that weaker demand, AI-related job concerns and competition from China could keep wage demands moderate, limiting the riskRiskRisk is the possibility that the actual outcome of a trade, investment, or financial decision differs from the expected outcome and causes a loss or other unwanted result. Risk...Read More of persistent inflation.

ECB Chief Economist Philip Lane said the central bankCentral BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More had seen no noticeable acceleration in eurozone wages, the Wall Street Journal reported on 8 October following a London conference. His comments address whether energy inflation is feeding into wage demands and more persistent price pressure. The assessment is a policy signal, rather than an interest-rate decision or a commitment to a particular future policy move.