Wage dynamics and domestic consumption will be among the key topics discussed at tomorrow’s meeting of the Central Bank’s Board of Directors regarding the refinancing rate. Following a wage boom in 2024, wage growth has slowed sharply in early 2025. In real terms, wages rose by 3.4% in the first quarter compared to the same period in 2024, whereas a year earlier the increase was 11%. Signs of economic cooling began to appear towards the end of 2024, and the slowdown in nominal wage growth...
