Rehn Says Eurozone Wage Growth Remains Moderate, No Second-Round Effects

European Central Bank policymaker Olli Rehn has given an update on wage growth in the Eurozone, saying it remains moderate and showing no signs of second-round effects. Speaking to Reuters, Rehn, who is also the governor of Finland's central bank, emphasized that keeping inflation expectations anchored will be essential to maintain this situation.

The ECB's next monetary policy announcement is scheduled for September 10, which will likely provide further insight into their stance on wage growth and inflation. According to Rehn, there are currently no clear signs of second-round effects from rising wages, which could put upward pressure on prices and inflation.

Rehn's comments come as the ECB continues to monitor economic developments in the Eurozone, where wage growth has been a topic of interest for policymakers.