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.
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