Zero inflation mustn't be passed on

(ANSA) - Rome, May 5 - The European Central Bank said Thursday that current zero rates of inflation, or lower, must not be passed on to wages. It said its governing council was "ready to act with all the instruments at its disposal" to avert this.
    The ECB said that negative inflation would still be with us until the summer, and then would rise afterwards.
    It said the economic recovery in the eurozone was continuing but "with risks" and its quantitative easing (QE) programme was "pushing demand". The ECB also sounded an alert on emerging economies, saying that if they were to brake there could be "considerable" risks to the global economy.
    It also said that labour market reforms have "weakened" wages.