Stock Groups

High euro zone inflation temporary, ECB’s Lane says -Breaking


© Reuters. FILE PHOTO. Philip Lane is the Chief Economist of European Central Bank. He speaks at a Reuters Newsmaker New York event on September 27, 2019. REUTERS/Gary He

FRANKFURT, (Reuters) – Euro zone inflation will decrease next year but remain too low in the medium-term, Philip Lane, chief economist at European Central Bank, told a Spanish newspaper. He reiterated the bank’s long-standing message of high price growth being temporary.

Lane said in an interview that “we believe next year’s bottlenecks will be eased and energy prices decline or stabilize.” “This inflation period is temporary and very uncommon. It’s not indicative of a long-term situation.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.