ECB predicts wage growth to outpace inflation - but own staff see below-inflation pay rises
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ECB predicts wage growth will exceed inflation in euro zone in 2024-25, but its own staff won't see similar gains.
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Preliminary 3.6% ECB staff pay rise falls short of estimated 2022 inflation of 5.3%, meaning loss of purchasing power.
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With below-inflation rises past 2 years, ECB staff face 8.4% loss of purchasing power.
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ECB staff representatives say promises of inflation being temporary and pay catch-up unfulfilled, damaging trust.
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ECB salaries start at €38,868, go up to €303,324 plus allowances; method for setting salaries under review.