© Reuters. FILE PHOTO: FILE PHOTO: German Bundesbank President Jens Weidmann presents the annual 2018 report in Frankfurt, Germany, February 27, 2019. REUTERS/Kai Pfaffenbach
FRANKFURT (Reuters) – As Europe’s labour markets tighten, staff might be more and more able to demand larger wages, elevating the chance of persistently excessive inflation, Bundesbank President Jens Weidmann mentioned on Wednesday.
“Companies’ complaints about labour shortages have increased significantly, particularly in Germany, but also among our European neighbours,” Weidmann mentioned.
“In the future, such tensions on the labour markets could make it easier for employees and trade unions to push through noticeably higher wages,” he mentioned, warning that upside risks to inflation dominate.
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