Negotiated Wage Rates (QoQ)

Negotiated Wage Rates, published by the European Central Bank (ECB) on a quarterly basis, is a data designed for the purpose of estimating wage drift in the Euro area and it's considered to provide a useful statistical representation of contractual basic pay. A steady increase in this data could be seen as an inflationary development and influence the ECB to cling to a tight monetary policy, supporting the Euro, and vice versa.