Across the globe, labour shortages have become more pressing since the pandemic and after years of subdued wage growth, compensation is surging. For central banks, wages are becoming a key concern now that other major supply shocks like the energy crisis and supply chain issues have faded. If wage growth abates, central banks can confidently think of looser monetary policy. But can they be sure a 1970s style scenario can be avoided? Bert will take you through the outlook for labour shortages and discusses our expectations for central bank rates in 2024.

Date & Time: 15 March, 11:00 – 11:45
Language: Dutch

Speaker:
Bert Colijn, Chief Economist, ING