European Central Bank policymaker Mario Centeno said on Friday that inflation in the euro area is under control but expressed concern over early signs of cooling in the labor market, reports said.
"The topic of growth in Europe is central…we have started to see the first doubts in the labor market," Centeno, who is the governor of the Bank of Portugal, said in a speech at the La Toja forum in Spain.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.