[ad_1]

© Reuters. FILE PHOTO. Philip Lane (ECB Chief Economist) speaks at a Reuters Newsmaker New York event on September 27, 2019. REUTERS/Gary He/File Photo

FRANKFURT (Reuters) – European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times reported on Thursday.

Lane will likely be questioned by outsiders about Lane’s decision to release unpublished data.

The ECB spokesperson declined to comment.

A series of public attacks on policy made by the public forced the ECB chief economic economist to suspend individual meetings with investors earlier this year. However, he continues to meet with groups.

As it slowed its purchases of emergency bonds, the ECB last week updated its forecasts. Inflation is now expected to rise at 2.2%, 1.7% and 1.5% this year respectively.

According to the FT, Lane informed the German economists in Germany that the ECB’s “medium-term” reference scenario showed that inflation would rebound to 2% shortly after its current forecast period.

Central bank pledged to not raise rates until inflation reaches 2% before its forecast period, typically two or three years. Two years ago, the rate rise is expected to be priced by money markets.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]