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
ECB Asks for Governments’ Help to Hit Inflation Goal
November 12, 2021
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FRANKFURT—European governments should be allowed to spend more when inflation is below the European Central Bank’s 2 percent inflation goal and vice versa, the ECB’s chief economist Philip Lane said on Friday. European Union governments are debating how to reform the EU’s fiscal rules to deal with a pandemic-induced surge in public debt and with…
ECB’s Lane Reveals in Private Meeting Inflation Target May Be Met by 2025: Report
FRANKFURT—European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2 percent inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank. The ECB had not made this long-term forecast public, meaning…
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