Inflation
Philip Lane expects pay rises will cause a ‘second round’ of inflation in Europe
The ECB chief economist also expects further interest rate hikes
European Central Bank (ECB) chief economist Philip Lane said consumer-price growth is probably near its zenith, while acknowledging that borrowing costs will be raised again.
“It’s probably too early to make that judgment” whether inflation is cresting, “but I would be reasonably confident in saying that it is likely we are close to peak inflation,” Lane told Milano Finanza newspaper in a interview published today.
“But whether this already is the peak or whether it ...
