ECB's Stournaras: We will agree on transmission protection mechanism

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Central Bank Governor Yannis Stournaras poses for a photo in his office at the bank’s headquarters in Athens, Greece, October 22, 2021. Picture taken October 22, 2021. REUTERS/Louiza Vradi/File Photo

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ATHENS, July 7 (Reuters) - Greek central bank governor Yannis stournaras said on Thursday that the European Central Bank will agree on a monetary policy transmission protection mechanism to temper fragmentation shocks.

"I think that at the end of the day we will agree on this transmission protecting mechanism", Stournaras said during an Economist conference in Athens.

Stournaras added that excessive wage demands are not observed in Europe.

"We don’t observe important second round effects in wages in Europe," he said. "Up to now we haven’t observed any excessive wage demands."

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Reporting by Lefteris Papadimas and Balazs Koranyi

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