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- ECB’s Lane: We won't make progress to 2% inflation as quickly as we would to 4%
ECB’s Lane: We won't make progress to 2% inflation as quickly as we would to 4%
European Central Bank (ECB) Chief Economist, Philip Lane, made some comments on the bloc’s inflation outlook.
Key quotes
We won't make progress to 2% inflation as quickly as we would to 4%.
Services inflation is now a big contributor.
Food inflation is still a substantial issue.
We don't expect the current low gas price to be maintained.
Services are very connected to the energy sector.
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