www.bloomberg.com
ECB Chief Economist Philip Lane expressed confidence that the central bank can maintain its inflation target. He anticipates that moderating non-energy prices will play a key role in achieving this goal. This suggests a shift in inflationary pressures, potentially driven by factors beyond the volatility of energy markets. Lane’s statement implies a more stable and predictable path towards the ECB’s inflation target, relying on underlying economic factors rather than solely reacting to external shocks like energy price fluctuations.
