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