AFPLagarde said the ECB was monitoring wage growth "very, very closely" because it is a key driver of inflation but the current catch up process was quite normal.
"At this point in time, for the whole of the euro area, we do not see this spiraling of inflation, wages, inflation, wages, which would be very difficult, if we were to witness it," Lagarde said.
Tuesday, 21 Feb, 2023- Front Page
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Bourses Review Extension of Equity F&O Trade HoursStock exchanges are reviving plans of longer trading hours for equity derivative contracts, said two people with direct knowledge of the matter. The National Stock Exchange (NSE), which is spearheading the effort, is in preliminary discussions with market participants to extend timings for stock futures and options (F&O) trading, they said.
Govt Hopeful of Work Starting on at least One Semicon Unit by Yr endThe Centre is hopeful that at least one among the “few” semiconductor manufacturing projects it expects to approve in 2023 will commence “ground-breaking” at its manufacturing unit by the year end, a top official told ET.
Small Packs Fit Inflation-hit Urban BasketsWith retail inflation on the rise again, packaged goods companies are pushing small packages even in urban markets across soaps, toothpaste, confectionery, coffee, soft drinks and detergents at kirana stores, modern trade and online platforms. These are already contributing 20-50% of sales, executives said.
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