European Central Bank chief Mario Draghi may think his stimulus policy is the best way to boost eurozone lending and inflation, but in Germany criticism of the ECB’s rock-bottom rates is growing among savers, banks and insurers.
Workers at Volkswagen in Germany have won a considerable pay hike. Wages at the world's largest carmaker are in line with the rest of Germany's metalworking sector, as the ECB sees an inflationary upside.
Policymakers from the US Fed, the European Central Bank and the Bank of England have described the recent sell-off in stock markets as a healthy correction, saying this won't knock them off their monetary policy path.
Following a meeting of central bank governors, ECB chief Mario Draghi has voiced concerns about the current strength of the euro area's single currency. The development makes it harder to exit crisis-era measures.
The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth forecasts. But inflation will remain stubbornly low, the ECB says.
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