Rising wage-price pressures will eventually reignite inflation in the Eurozone and the European Central Bank is on track toward its goal, the European Central Bank’s chief economist, Philip Lane said in an interview with the Financial Times published Sunday evening. Key quotes The fraction of the price level which is most likely to be influenced by wage pressures is moving closer toward the target. There cannot be a permanent disconnect between labor costs and prices. Clearly, we are closer to the lower bound than the Federal Reserve is. We are closer to it than we would like to be. The ECB will consider whether its measures of inflation should take better account of housing costs, which are currently severely under-weighted. We at the ECB would agree that there should be more weight on housing – but there is a difficulty and this has been looked at several times before. I do not want to pre-empt the review by saying that that is what we are necessarily going to conclude. It is a real issue and we have to be practical about it. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC Adviser Ma: The chance of a rate cut on Feb 20 has increased significantly FX Street 2 years Rising wage-price pressures will eventually reignite inflation in the Eurozone and the European Central Bank is on track toward its goal, the European Central Bank's chief economist, Philip Lane said in an interview with the Financial Times published Sunday evening. Key quotes The fraction of the price level which is most likely to be influenced by wage pressures is moving closer toward the target. There cannot be a permanent disconnect between labor costs and prices. Clearly, we are closer to the lower bound than the Federal Reserve is. We are closer to it than we would like to be. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
