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Spain raises minimum wage by 8%

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Tradehay.com: 01/02/2023 - 07:27

• The Spanish government is set to approve an 8% increase to the national minimum wage this election year, Prime Minister Pedro Sanchez told lawmakers on Tuesday

• This is the fifth increase under Sanchez's premiership and will increase by 93 euros ($100) per month, bringing the new minimum wage to 1,259 euros in 12 installments per year.

• If this also happens in other EU countries, the European Central Bank will be more consistent with its interest rate hike schedule.

Spain raises minimum wage by 8%

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