Eurozone inflation may hit target in medium term, says Lane
ECB chief economist says eurozone may face fundamentally changed inflation dynamics
The European Central Bank’s chief economist Philip Lane said eurozone inflation is likely “to settle around the 2% target” in the medium term.
Lane’s words may open the door for the ECB to accelerate the withdrawal of monetary stimulus at its next policy meeting on March 10. The ECB’s forward guidance specified several conditions before the governing council can start normalising policy. The last missing requirement was eurozone inflation meeting the ECB target in the medium term.
In a speech
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