European Central Bank Chief Economist Philip Lane pushed back against warnings over accelerating inflation, saying there’s “very solid evidence” to believe that the current spike won’t last.
“The red zone for everyone is if inflation became persistent at a number that’s immoderately above the inflation target,” Lane said on Thursday.
“That’s a very far distance from where the euro area is. We have to be the counterweight, honestly, in this debate”, he added.
Tags European Central Bank Eurozone inflation Philip Lane
Check Also
Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions
Oil prices began the week on a positive note, bolstered by data showing cooling U.S. …