Central Banks
ECB’s Lane Confident Inflation Near Peak, More Hikes to Come
- Must acknowledge rate moves to date, ECB chief economist says
- ECB expects second-round effects, he tells Milano Finanza
Dec. 2: ECB President Lagarde Sees Need to Ensure Inflation Returns to Target
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European Central Bank 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 Tuesday. “But whether this already is the peak or whether it will arrive at the start of 2023, is still uncertain.”