Netherlands not facing wage-price spiral – DNB
Central bank says there is space to increase negotiated wages in the Dutch economy
The Netherlands is not currently seeing a wage-price spiral that could boost inflation, the Netherlands Bank (DNB) says in a research note published today (August 17).
Inflation in the eurozone increased year on year by 8.9% in July, while in the Netherlands, the bloc’s fifth-largest economy, it rose by 11.6%.
In this context, the Dutch central bank points out negotiated wage growth is gradually rising. This is mainly due to elevated inflation and low unemployment. In May, the unemployment
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