Der Spiegel reported on Saturday (citing an unnamed source) that the German central bank, the Bundesbank, believes some pay rises are too low given the performance of the German economy.
- Report said wage deals below 3% were not appropriate - economic growth and the robust labor market were favorable
- The Buba denied the report .... "a false report that we emphatically reject"
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Inflation in Germany is persistently low, well under the European Central Bank's medium-term target for the euro zone as a whole of just below 2%
