ECB's Lane: Increase In Long-Term Interest Rates Constitutes A Material Tightening, Relevant For Setting Policy Stance
Potential For AI To Replace Some Workers Could Weaken Their Bargaining Power, Moderating Wage Growth
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AI limiting European workers' bargaining power, ECB's Lane says
FRANKFURT, Oct 13 (Reuters) — The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially tightening financing conditions, ECB chief economist Philip Lane said on Tuesday. With inflation now running at nearly twice th
ECB's Lane: An increase in long-term interest rates constitutes a material tightening, relevant for the ECB in setting its policy stance.
ECB's Lane: An increase in long-term interest rates constitutes a material tightening, relevant for the ECB in setting its policy stance.