European Central Bank (ECB) policymaker Mario Centeno said on Monday that the wage increase in the Eurozone is still compatible with the monetary policy and added that they are not observing and second round effect on wage-setting, as reported by Reuters.
"We haven't seen a deanchoring inflation expectations," Centeno further reiterated and noted that the ECB has the tools for "whatever-it-takes" action for banks.
Commenting on the policy outlook, he said the ECB could do more with less amid global tightening and added that the size of the rate hike increment will depend on data.
Market reaction
EUR/USD continues to edge higher in the second half of the day on Monday and was last seen rising 0.3% on the day at 1.0790.
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