Economy
Philip Lane ‘confident’ inflation is returning to 2% goal
Irish ECB chief economist said that easing pressure in the service sector was an ‘important step’ in price growth reversal
Philip Lane, the European Central Bank (ECB) chief economist, said recent euro-area data have made him more certain that inflation is returning to the 2 per cent goal, raising the likelihood of a first interest-rate cut in June.
Speaking in an interview with Spanish newspaper El Confidencial, the former governor of the Central Bank of Ireland cited a report on consumer prices last week that showed pressures in the service sector eased for the first ...