Something has to happen in 2017 given a need to plan for next year Says ECB’s Lane

Cryptic messages from the Irish central banker
Wages, wages, wages. I said it wouldn’t take long for the ECB to use this as their excuse to remain dovish, and now nearly every ECB council member slots wages into his or her comments. Watch inflation go to 3% and the ECB use wages as the reason not to hike, and remember where you heard it first 😉