High euro zone inflation temporary, ECB’s Lane says

Reuters

FRANKFURT – Euro zone inflation will ease next year and remains too weak in the medium term, European Central Bank chief economist Philip Lane told a Spanish newspaper, repeating the bank’s long-standing message that high price growth is temporary.

“We believe that next year bottlenecks will ease and energy prices will decline or stabilize,” Lane told El Pais in an interview. “This current period of inflation is very unusual, temporary, and not a sign of a chronic situation.”

(Reporting by Balazs Koranyi; Editing by Kim Coghill)

Related News:   New York, New Jersey Say Their Ports Can Take Additional Cargo While Baltimore Shut Down

tagreuters.com2021binary_LYNXMPEHA706U-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.