Escrivá Says ECB Must Be Vigilant on Oil Price Impact on Wages (opens original article in a new tab)

ECB member Jose Luis Escrivá says the bank must monitor how higher oil prices, driven by the Middle East conflict, could affect wages.

• Escrivá warns of potential wage impacts from rising oil prices due to Middle East conflict.
• ECB needs to monitor oil price effects on wages.
• Escrivá is a member of the ECB's Governing Council.