ECB’s Lane Says Inflation Outlook Is ‘Reasonably Benign’

European Central Bank Chief Economist Philip Lane said he doesn’t see any major risks to inflation in either direction, suggesting he and his colleagues may be happy to leave interest rates where they are for the time being.

“It doesn’t look like we’re going back to the pre-pandemic equilibrium of very low inflation,” Lane told a panel discussion Monday in Frankfurt. But neither does it appear that there are “substantial risks of remaining noticeably above the inflation target either.”