Markets
Current disinflation is ‘necessarily bumpy’ - Philip Lane
The chief economist at the European Central Bank told an event in Dublin that he was confident inflation would retreat back 2 per cent
Philip Lane, chief economist at the European Central Bank (ECB), has warned the retreat in consumer-price growth was unlikely to be smooth.
While Lane expressed confidence that inflation was heading back to the 2 per cent target gains in wage and services costs remain elevated.
He reiterated the ECB’s latest policy statement, which hints at a cut in interest rates when officials meet in June.
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