Immigrants to a euro area country earn less and are less wealthy than non-immigrants. Economic inequality means these two groups react differently to economic shocks, which matters for monetary policy transmission.

Read #TheECBblog post https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220728~63cff48db0.en.html

🐦🔗: https://nitter.eu/ecb/status/1552586192696262659