ECB to Keep Inflation at 2% on Softer Wage Growth, Lane Says

The European Central Bank should be able to keep inflation at target thanks to a moderation in non-energy prices, according to Chief Economist Philip Lane.

“For the sustainability of inflation at 2%, we do need to see more deceleration in non-energy inflation,” the Irish official told an event Wednesday in Paris organized by Banco Santander. “We’re confident that’s going to happen because everything we look at tells us wage dynamics are set to decelerate further.”