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Bundesbank chief sees upside risks to inflation -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO : FILEPHOTO – Jens Weidmann (President of German Bundesbank) presents the Annual 2018 Report in Frankfurt, Germany on February 27, 2019. REUTERS/Kai Pfaffenbach

FRANKFURT – Workers will increasingly be able to demand higher wages as Europe’s labour market tightens, according to Jens Weidmann (Bundesbank President) Wednesday.

Weidmann stated that companies’ complaints regarding labour shortages had increased in Germany and among European neighbors.

He said that tensions in the labour market could allow employees to demand higher wages and for trade unions to do so. However, he warned of inflationary risks.

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