Central Banks
ECB Not Yet at Price Target, More Work to Be Done, Lane Says
- ‘We don’t expect the current low gas price to be maintained’
- ECB chief economist speaks at conference in Lithuania
Philip Lane
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank can’t relent in its fight to tame inflation even as maintaining the current level of interest rates is the “base case,” according to Chief Economist Philip Lane.
“Price increases are still well above 2%, we are not at the inflation target yet and therefore there is still work to be done in terms of bringing inflation down,” Lane said at a conference in Vilnius, Lithuania, on Tuesday.