ECB sees further signs of easing wage pressures across eurozone 

'Wage drift', or payments made to employees on top of negotiated wages, is showing signs of easing, the central bank said

Earlier this month, ECB president Christine Lagarde announced a further 0.25% cut to interest rates.

Wage pressures are easing across the eurozone, driven in great part by lower additional compensation paid on top of negotiated wages, likely contributing to a further moderation of inflation, a European Central Bank (ECB) study has said.

Wage growth has been rapid for years, driven significantly by so-called "wage drift", or actual payments made to employees on top of negotiated wages.