FRANKFURT—Eurozone inflation will return to trend without significant policy tightening by the European Central Bank as pandemic-related bottlenecks in goods as well as labor are resolved, the ECB’s chief economist Philip Lane said on Thursday. Lane was defending his long-held view that the current, record-high inflation rate in the eurozone was temporary in the face…
Eurozone Inflation Doesn’t Require Significant Policy Tightening, ECB’s Lane Says
Euro Edges Up as Traders Seek Clues on Possible ECB Rate Hike
LONDON—The euro edged up on Wednesday but was off Friday’s three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates. The dollar was little changed, a day before the release of U.S. consumer price data that may offer new indications about the pace of the Federal Reserve’s…
BOJ Kuroda Vows to Keep Ultra-Easy Policy in Wake of ECB’s Hawkish Shift
TOKYO—The Bank of Japan must keep monetary policy ultra-loose as inflation remains well below that of other economies, Governor Haruhiko Kuroda said, brushing aside the view it could follow in the footsteps of more hawkish U.S. and European peers. Mounting inflation risks have prompted central banks across the globe, including the U.S. Federal Reserve and…
ECB Survey Sees Inflation Back Under Target Next Year
FRANKFURT—Eurozone inflation could still fall below 2 percent next year, a fresh survey published by the European Central Bank showed on Friday, just a day after the bank warned about growing consumer price pressures. The ECB kept policy unchanged on Thursday but finally acknowledged mounting inflation risks and even opened the door to an interest…
Eurozone Firms See Wages Rising by 3 Percent or More, ECB Says
FRANKFURT—Eurozone companies expect wages to rise by 3 percent or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such as builders and software engineers, the European Central Bank said on Friday. Wage growth is a crucial indicator for the ECB in assessing the future…
Euro Jumps After Hawkish Comments From ECB’s Lagarde
The euro jumped against the dollar on Thursday after comments from ECB president Christine Lagarde fuelled expectations of faster monetary policy tightening, although the central bank confirmed its guidance for interest rates and its bond purchase program. Lagarde acknowledged that inflation was running hotter than expected and with risks tilted to the upside, but continued…
Inflation Outlook Highly Uncertain, ECB’s Holzmann Tells Paper
VIENNA—There is “a great deal of uncertainty” over how long inflation will remain well above the European Central Bank’s target of around 2 percent, ECB Governing Council member Robert Holzmann said in an interview with newspaper Die Presse published on Sunday. The ECB has long held the view that inflation will decline this year from…
ECB’s Rehn Expects Eurozone Inflation of Around 2 Percent in Next Two Years: Handelsblatt
January 24, 2022
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BERLIN—The drivers of inflation in the eurozone will subside over the course of the year and inflation will hover around the European Central Bank’s price stability target of 2 percent in the next two years, Finnish central bank chief Olli Rehn was quoted as saying on Sunday. In a pre-released interview with German business daily…
ECB’s Lagarde: Inflation Drivers Will Ease Gradually in 2022
January 20, 2022
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PARIS—Inflation in the eurozone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilise and ease gradually in the course of 2022,” she said. Asked on her policy to…
Senior ECB Official: Rate Rise Too Soon Could Choke Recovery
January 15, 2022
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BERLIN—A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate. The European Union’s statistical office said on Jan. 7 that the annual inflation rate rose to 5 percent in December—the highest level in…
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