“The main driver of inflation is normally wages. We see that the evolution of wages in most countries is not what it usually is in a recovery, which is that they rise very strongly,” Mersch said. Investors expect the ECB to reduce asset buys from next year as growth is robust and the threat of inflation is gone. But policy is expected to remain easy for years to come as inflation will not return to the bank’s target before the decade ends.
There will be no major data releases both from Eurozone and USA tomorrow, so we expect a steadier sesssion.
