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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.