The European Central Bank (ECB) Governing Council member – Philip Lane was speaking in Brussels this Tuesday and remained confident that the underlying mechanisms to raise inflation are still active.
Key quotes:
“¢ EU labour market remains strong and sees upward pressure in wages.
“¢ There’s been a sequence of negative shocks recently.
“¢ Sees only small adjustments to forecasts.
“¢ Forward guidance can accommodate revisions to projections.
“¢ ECB hasn’t hit all limits of its policy options.
“¢ Current policy can cater to limited downside revision.
“¢ Data-dependent strategy provides flexibility.
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