ECB's Hansson: Wage pressures to create firmer basis for inflation

In an interview with Bloomberg, European Central Bank policymaker Ardo Hansson argued that tightening labour market conditions would lead to an increase in wage pressures and create a firmer basis for inflation. Commenting on downside risks to the economy, "For every bit of bad news, you get a bit of better news, and on balance I don't see this creates risks that shift the balance of risks," Hansson said.