Christine Lagarde: New wage data is encouraging, but ECB needs more convincing on inflation

The latest euro-area labour compensation numbers are reassuring, though the European Central Bank (ECB) will require additional data to be convinced that inflation won’t flare up again, according to its president Christine Lagarde.

“The fourth-quarter wage numbers are obviously encouraging numbers,” she told reporters in the Belgian city of Ghent on Friday. “The governing council needs to be more confident that the disinflation process that we are observing will be sustainable and will take us ...