Banco de Portugal Flags Wage Compression in the June 2026 Boletim Económico — Minimum Wage Hits 91% of the Median as 2023-2025 Nominal Pay Growth Cools From 6.4% to 5.6% and Productivity Questions Surface
The June 2026 Boletim Económico from the Banco de Portugal flags that the national minimum wage now sits at 91% of the median wage, the highest in the modern series, after a 2023-2025 nominal pay-growth cooling from 6.4% to 5.6%.
