The ECB’s Governing Council member Philip Lane was out on the wires in the last hour, saying that the ECB expects inflation pressure to pick up through 2020.
Additional Quotes:
“¢ As of today, aggregate inflation pressure isn’t that strong.
“¢ ECB has a robust forecast, the strategy isn’t fragile.
“¢ There will be more precise rate hike debate next summer
“¢ He stands ready to serve on the ECB board next year if needed.
“¢ Italy’s budget plans will be analyzed.
He also touched upon the recent hot topic of trade tariffs/emerging market crisis and said:
“¢ A severe trade war would have a big negative impact.
“¢ Watching emerging markets could cause stress.
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